Motherson Sumi to raise $300 million to repay debt, capex
SidneyEdith 
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NEW DELHI: Automotive component maker Motherson Sumi Systems today said its subsidiary Samvardhanana Motherson Automotive Systems Group will raise $310 million (about Rs 200 crore) through a debenture issue slated for December 2021 for debt repayment and general corporate purposes.
Motherson Sumi Systems Ltd a BSE “Our Subsidiary Samvardhananana” Motherson Automotive Systems Group B.V. has announced 4.875% p.a. pricing of USD 300 million, 5.5 3-year, non-callable senior notes due December 2021.” .”
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“This is the Company’s third successful bond issuance and marks the Company’s successful entry into the U.S. dollar bond market,” Motherson Sumi said.-The parties’ debt and general corporate purposes, including some capital expenditures.
The 2016 Concession Plan is for the year 2016 Ends June 16, 2016
Australia and New Zealand Bank, DBS, Deutsche Bank and HSBC will serve as global co-coordinators, and Barclays and Standard Chartered will serve as global co-coordinators, the company said. Issue.
Motherson Sumi shares fell 1.05% to Rs 286.90% on BSE.
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