Future Retail’s Bonds Slip As Second Wave In India Ravages On
Future Retail’s 5.6% 2025s topped the loser’s list on Monday when it fell over 7% to 69.6 cents on the dollar, yielding 17%. This marks the dollar bond’s largest fall since February 2021 when the Indian High Court blocked Reliance Retail’s...
Softbank Reports Record High Annual Profit of $46bn
Softbank set the record for the largest ever annual profit by a Japanese company with a net profit of JPY 4.99tn ($46bn) for the year ended March 31. The strong earnings by the Masayoshi Son-led company were fueled by gains of ~$58bn at the $100bn Vision Fund, $24bn...
Olam Secures $1bn Loan to Fund Olde Acquisition
Singapore based Olam International Limited announced on May 14 that it had secured a 2Y committed loan facility worth $1bn through its subsidiary Olam Holdings. The global food and agri-business leader intends to use the proceeds to finance the acquisition of Olde...
Lodha Developers Reports 31% Jump in Profits
Indian real estate player Lodha Developers reported strong earnings for the fourth quarter ended March 31 late last week. The company reported a net consolidated income of INR 26.11bn ($356.3mn), down 18% vs. the same quarter last year and a profit after tax of INR...
