MoneyWorks4Me

UPL’s arm raises $500 million via bonds

11 Jun 2020 Evaluate
UPL’s subsidiary company -- UPL Corporation, Mauritius, (UPL Corp) has successfully placed 10-year dollar-denominated senior unsecured notes for an aggregate amount of $500 million at the coupon rate of 4.625% p.a. The bonds will mature on June 16, 2030. The bonds are proposed to be listed on Singapore Stock Exchange.

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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