Reliance Communications (RCOM) has closed the tender offer for buyback of foreign currency convertible bonds (FCCBs).

Reliance Communications (RCOM) has closed the tender offer for buyback of foreign currency convertible bonds (FCCBs). The company has bought back FCCBs amounting to $24.7 million of face value from foreign investors for $21 million (at a 15 per cent discount). RCOM had earlier bought back FCCBs with a face value of $40 million in tranches from October 2008 to March 2009.