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Essar Steel Limited (1993): Valuation of Euro Convertible Bonds
(2010-08-09)
Covers valuation of a foreign currency convertible bond containing embedded call and put options. Apart from issues in option valuation, the case raises issues of exchange rate and interest rate risk and highlights the ...
Essar Steel Limited (1994): Comparing Cost of Funds
(2010-08-16)
Apart from raising the issue of true cost of borrowing, using a complex financial instrument (with the benefit of hindsight), this case brings in the added dimension of comparison with a competitor, who achieves an apparently ...