Aban board okays $200 mn FCCBs issue

The board of directors of Aban Loyd Chiles Offshore have approved the issue of foreign currency convertible bonds (FCCBs) not exceeding $ 200 million.

According to a release issued by Aban to the BSE today, the company's board in the their meeting on April 25, had okayed the proposal subject to approval of members at the forthcoming annual general meeting to be held on July 14, 2006.