ASIA CREDIT CLOSE: Rolta, Berau drop further

April 17, 2015 9:17 AM

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HONG KONG, April 17 (IFR) - Bonds of Rolta continued their slide after US firm Glaucus Research alleged that the Indian infotech company had overstated its Ebitda.

The 10.75% 2018s and 8.875% 2019s gapped 2-3 points lower, extending a 15-point drop yesterday, even after Rolta released a statement Thursday evening that the Glaucus accusations were misleading.

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