Published on 6/16/2020 in the Prospect News Emerging Markets Daily.
New Issue: India’s UPL sells $500 million 4 5/8% notes due 2030
By Rebecca Melvin
New York, June 16 – UPL Corp. Ltd. issued $500 million of 4 5/8% senior notes due 2030 on Tuesday, according to a Singapore Stock Exchange notice.
J.P. Morgan Securities plc, Merrill Lynch (Singapore) Pte. Ltd., MUFG Securities EMEA plc, Citigroup Global Markets Ltd., Cooperatieve Rabobank UA, Hong Kong Branch, Societe Generale and UBS AB Singapore Branch are the bookrunners.
Formerly United Phosphorus Ltd., UPL is a chemical manufacturer based in Mumbai.
Issuer: | UPL Corp. Ltd.
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Issue: | Senior notes
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Amount: | $500 million
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Maturity: | June 16, 2030
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Bookrunners: | J.P. Morgan Securities plc, Merrill Lynch (Singapore) Pte. Ltd., MUFG Securities EMEA plc, Citigroup Global Markets Ltd., Cooperatieve Rabobank UA, Hong Kong Branch, Societe Generale and UBS AB Singapore Branch
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Issue date: | June 16
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Listing date: | June 17
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