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Published on 7/28/2009 in the Prospect News Convertibles Daily.

JSL approves proposal to issue up to $150 million convertible bonds

By Devika Patel

Knoxville, Tenn., July 28 - JSL Ltd. informed the Bombay Stock Exchange that it approved plans to issue up to $150 million of foreign-currency convertible bonds at a board of directors' meeting on July 28.

Securities may also include Global Depositary Receipts and American Depositary Receipts.

The company is based in India.


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