Photographer: Dhiraj SIngh/Bloomberg

Burnt Convertible Bond Buyers Show Perils of India Investing

Updated on
  • Investors face another wave of restructuring: Latham & Watkins
  • Payment troubles are a ‘symptom of excess leverage,’ S&P says

Investors who bought Indian dollar-denominated convertible bonds are saddled with losses that may deepen as legal advisers brace for a wave of debt restructuring.

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