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Power Finance Corporation (PFC) said that the company has successfully closed the deal for issuance of $400 million Green Senior Unsecured Notes offering at a fixed rate coupon of 3.75% from the international debt capital markets under Regulation S of the U.S. Securities Act of 1933 (as amended) on 6 December 2017 and completed the formalities for listing at Singapore Exchange (SGX-ST) and International Securities Market segment of the London Stock Exchange. The announcement was made after market hours yesterday, 7 December 2017.
Tube Investments of India entered into separate Shareholders' Agreements with Shuyuan Gan, promoter and 100% shareholder of Great Cycles and Creative Cycles, both situated in Colombo, Sri Lanka, for acquiring from him 80% of the issued and subscribed share capital of each of the two companies for an aggregate consideration of $3.34 million. The announcement was made after market hours yesterday, 7 December 2017.
These two companies are engaged in the manufacture of premium bicycles and the present acquisition in the target companies by the company from Shuyuan Gan is part of the company's strategy for securing the backend supply chain in the mass premium and super premium segments for its bicycles division viz., TI Cycles of India, Tube Investments of India said.
Somany Ceramics said that the company has issued commercial paper of Rs 20 crore value dated 7 December 2017 having maturity on 5 February 2018. The issuance of commercial paper is to reduce high interest bearing cash credit limits and in turn reducing cost of borrowing. The announcement was made after market hours yesterday, 7 December 2017.
ICICI Bank acting through its DIFC (Dubai) branch, priced an issuance of 10 year fixed rate notes for an aggregate principal amount of $500 million. The notes were sold under the 144A/RegS format. The notes carry a coupon of 3.80% and were offered at an issue price of 99.728. The announcement was made after market hours yesterday, 7 December 2017.
Mercator said that the senior management of its step down subsidiaries in Indonesia (the 'Indonesian Entities') has been changed by the company which has led to temporary disruption of operations in Indonesia; and certain proceedings have been filed by the company in Singapore and Indonesia against some of the aforementioned erstwhile senior management of the Indonesian Entities who have in turn initiated various proceedings against some of step down subsidiaries and some executives.
The said litigations are presently sub judice at various forums. Disruption of operations in Indonesia has led to non-receipt of limited review reports from the aforementioned Indonesian Entities which has in turn delayed the filing of consolidated limited review report for the quarter ended 30 September 2017. The announcement was made after market hours yesterday, 7 December 2017.
Suzlon Energy announced lifting up of lockout at Suzlon's Padubidri Rotor blade manufacturing unit (RBU) after arriving at an amicable solution with the workers. The announcement was made after market hours yesterday, 7 December 2017.
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