by Amruth Sundarkumar | Jul 14, 2022 | Asian Dollar Bonds, Corporates
Jubilant Pharma Ltd has announced that its subsidiary Jubilant Pharma Holdings Inc (JPHI) will raise a $400mn loan from Standard Chartered Bank. It will be the 5Y loan of which $350mn will be used for repayment of existing term loan and bonds while the remaining $50mn...
by Amruth Sundarkumar | Jul 12, 2022 | Asian Dollar Bonds, Corporates
Indonesian coal miner Indika Energy accepted to buy back $184mn of its 5.875% 2024s and $56.7mn of its 8.25% 2025s under a tender offer that ended on July 7. The company had planned to buy up to $250mn of the bonds at a price to be set via a modified Dutch auction....
by Amruth Sundarkumar | Jul 7, 2022 | Asian Dollar Bonds, India, Investment Grade Bonds
Bharti Airtel’s subsidiary Bharti Airtel International (Netherlands) B.V enhanced the tender offer size for its 5.35% bonds due 2024 from $300mn to $450mn on strong demand. About 48.87% of the principal amount, or $488.7mn of the bonds had been tendered at or before...
by Amruth Sundarkumar | Jul 6, 2022 | Asian Dollar Bonds, China, Investment Grade Bonds
Fosun International announced the results of its tender offer by accepting to buy back all bonds tendered. The bonds bought back represent 76.7% of its $379.8mn 5.5% 2023s and 1.09% of its €384.2mn 2022s. In nominal terms, $291.3mn in principal amount of the 2023s and...
by Amruth Sundarkumar | Jul 5, 2022 | Asian Dollar Bonds, India, Investment Grade Bonds
Tata Steel has announced that its step-down subsidiary Tata Steel Long Products Ltd (TSPL), has completed the acquisition of 93.71% in Neelachal Ispat Nigam Limited (NINL). TSLP paid out INR 121bn ($1.5bn) for the transaction. The acquisition details were as follows:...
by Amruth Sundarkumar | Jul 5, 2022 | Asian Dollar Bonds, India
JSW Steel plans to invest INR 100bn ($1.27bn) to reduce carbon emissions through various initiatives, such as increasing the use of renewable energy to replace thermal power and reducing fuel rates through ‘improved raw material quality via beneficiation’,...
