Jain Irrigation Systems’ wholly owned subsidiary Jain International Trading B V (JITBV) has proposed to issue up to $ 200 million of unsecured senior notes with a $ 50 million over-allotment option. The issuance of the guarantee has been approved by the board of directors at their meeting on January 14, 2017.
Jain Irrigation Systems is a manufacturer of a wide variety of PVC pipes, PE pipes, water and gas transportation pipes, ducts for optical fibre cables and drip irrigation pipes. It is also engaged in tissue culture of bananas and pomegranates and is the world’s largest processor of mangoes and is the world’s second largest processor of onions and vegetables.
