Which of the following statements correctly reflects the Government of India’s decision taken recently about the prepayment of the ‘foreign currency convertible bonds’ owned by the Indian companies ?
A. Companies are asked to renegotiate the payment terms of their foreign currency convertible bonds as government wants the payment period to be a longer one.
B. Companies allowed to make a prepayment under certain conditions as the foreign currency stock is in very comfortable position these days.
C. Companies will have now option to approach bond holders for prepayment of loans rather than offering equity to them on maturity.