A representative of QVT Fund confirmed that payment on the remaining bonds raised by Zenith Infotech has also become immediately due taking its obligation, including the premium, to over $85 million. Zenith Infotech raised two lots of foreign currency convertible bonds - one for $33 million which was due on September 21, 2011, and a second tranche of $50 million, which was due for repayment in August 2012.
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