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Popular Articles

Asian stocks rebound on Dubai financing; Japan shares decline
Asian stocks rebounded from earlier losses after Dubai secured $10 billion of funding to repay its debt. Japan shares dropped as a measure of business confidence showed companies are scaling back investment plans.

PE investments set to flood power sector
India’s power sector will be a key destination for private equity (PE) players to park their money, with close to $1.64 billion worth of infrastructure funds, mainly in power, awaiting their launch. According to industry experts, once the liquidity situation improves globally, the sector will see good investment momentum.

News of the day

Govt to issue oil bonds worth Rs 10,300 cr to IOC, BPCL, HPCL
The government may issue Indian Oil Corporation (IOC), Bharat Petroleum Corporation Limited (BPCL) and Hindustan Petroleum Corporation Limited (HPCL) Rs 10,300 crore worth of oil bonds this week to compensate these companies for the losses they have incurred on fuel sales in last fiscal.
Corporate

Tata Power completes FCCB allotment

Tata Power today announced the completion of allotment of $300 million Foreign Currency Convertible Bonds (FCCBs) on November 20. - Dish TV Announces pricing of GDR offering - India Inc takes swap route to beat FCCB redemption blues - REI Agro raises $105 mn through FCCBs - Tata Steel offers to swap $875 mn of securities - Tata Steel okays exchange offer for $875mn securities - Tata Power: Cost side story Tata Power had earlier this month launched and priced $250 million+ upsize option of $50 million, 5 years and 1 day, 1.75 per cent coupon FCCB offering. The FCCBs are convertible at 10 per cent premium over Tata Power’s closing share price on National Stock Exchange (NSE) on November 5 and bear a yield to maturity of 3.5 per cent per annum calculated on a semi-annual basis. These bonds will be listed on the Singapore Stock Exchange. Nomura is the sole underwriter and book runner to the offering.


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