MoneyWorks4Me

UPL’s arm raises $400 million via bonds

24 Feb 2020 Evaluate

UPL’s subsidiary company -- UPL Corporation, Mauritius, (UPL Corp) has successfully placed United States Dollar (USD) denominated Perpetual Subordinated Capital Securities (Bonds) for aggregate amount of $400 million. The proceeds from Bonds get equity treatment as per accounting standards and rating agencies provide 50% equity credit whilst computing the financial ratios.

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 533.50
PI Industries 2188.80
Bayer CropScience 3640.30
Sharda Cropchem 725.05
Sumitomo Chem. India 404.75
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