RCOM has repurchased bonds worth $10 million from the international market.

RCOM has repurchased bonds worth $10 million from the international market. It has bought back 100 zero-coupon foreign currency convertible bonds (FCCBs) of $100,000 each, at a discount to the issue price. On December 30, 2008, the company bought back 250 of its FCCBs for $25 million. It has started buying back bonds that were maturing in May 2011. The company had raised $1.5 billion through the FCCB route ($1 billion in 2007 and $500 million in 2006), of which around $1.287 billion has not been converted.