Wipro IT to issue $750-mn dollar notes
The Hindu
Wipro said its step-down subsidiary, Wipro IT Services, will issue U.S. dollar-denominated notes worth $750 million on June 23.The net proceeds of the notes, which are proposed to be listed on Singapo
Wipro said its step-down subsidiary, Wipro IT Services, will issue U.S. dollar-denominated notes worth $750 million on June 23. The net proceeds of the notes, which are proposed to be listed on Singapore Exchange Securities Trading Ltd., are intended for refinancing existing debt and general corporate purposes. A filing said the fixed rate, senior, unsecured notes will entail coupon rate at 1.5% per annum, payable semi-annually on June 23 and December 23 each year, starting December 23, 2021. The notes will be guaranteed by Wipro.The election authorities are gearing up for the counting of votes cast in the simultaneous elections to Lok Sabha and Assembly seats in Andhra Pradesh, scheduled to be held on June 4. The Collectors and Election Officers of Visakhapatnam, Anakapalli and Alluri Sitharama Raju (ASR) districts said on May 23 (Thursday) that their teams were ready for the counting of votes.
Responding to the prolonged water scarcity, the residents of the area took to the streets in protest on Wednesday. The protest, which drew attention to their plight, stopped only after the intervention of the police. It was not until 1.30 p.m. that a 4000-litre tanker was finally delivered by BWSSB, providing relief to the water-starved residents.