Abstract
Apart from raising the issue of various risks involved in a complex financial instrument (with the benefit of some hindsight), the case highlights the difficulties in hedging foreign exchange risk of a foreign currency convertible bond. The case also brings out several issues related to financial distress. This case is a sequel to Essar Steel Limited (1993) (F&A0421) and Essar Steel Limited (1994): Comparing Cost of Funds (F&A0441).
Additional Information
| Product Type | Case |
|---|---|
| Reference No. | F&A0442 |
| Title | Essar Steel Limited (1996) |
| Pages | 4 |
| Published on | Nov 11, 1997 |
| Authors | Varma, Jayanth R; |
| Area | Finance and Accounting (F&A) |
| Discipline | Accounting, Finance |
| Sector | Manufacturing |
| Keywords | Convertible Bonds, Foreign Exchange Risk |
| Country | India |
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