MoneyWorks4Me

UPL’s arm completes pricing of $300 million senior unsecured notes

05 Mar 2018 Evaluate

UPL’s wholly owned subsidiary -- UPL Corporation (formerly Biowin Corporation) has successfully completed the pricing of its $300 million senior unsecured notes (Notes) at 4.5% per annum, due 2028. The Notes have been rated ‘BBB-’ by Fitch, and ‘BBB-’ by S&P. An application is filed to the Singapore Stock Exchange for the listing of the Notes. The offering is scheduled to close on March 8, 2018.

UPL is global player of crop protection products has customer base in 123 countries. It has subsidiary offices in Argentina, Australia, Bangladesh, Brazil, China, Canada, Denmark, Indonesia, France, Hong Kong, Japan, Korea, Mauritius, Mexico, New Zealand, Russia, Spain, Taiwan, South Africa, USA, UK, Vietnam and Zambia.


Peers
Company Name CMP
UPL 550.00
PI Industries 2388.40
Bayer CropScience 3715.95
Sharda Cropchem 750.00
Sumitomo Chem. India 446.15
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