The market should be very happy to hear that Leadcom can now issue bonds. This means in itself that Leadcom now has a new and good credit rating, and can then at any time in future issues bonds. And bonds cannot convert into shares, so no further dilution :)
Means never a placing again, ever !
BSNL to pump in 120m$ into 07 (giving total 300m for the year) and 180m$ into 08 revenues, and Reliance to pump in 200m$ for 08 and 250m$ into 09......the future is looking very exciting, especially when you consider no requirement for any placing, ever again, IMO.