GE Shipping Completes Private Placement Of 8.05% Debentures, Due 2024, For US$23.4 Million

Published: Aug 30 2017
Deal Summary

The Great Eastern Shipping Company Limited (G E Shipping), a shipping company, completed the private placement of 8.05% debentures, due September 1, 2024, for gross proceeds of INR1,500 million (MM) (US$23.4 MM). Interest on the debentures will be payable annually.

Deal history

Completed: On September 1, 2017, GE Shipping completed the private placement of 8.05% debentures, due September 1, 2024, for gross proceeds of INR1,500 MM (US$23.4 MM).

Announced: On August 30, 2017, GE Shipping agreed to issue 8.05% debentures, September 1, 2024, for gross proceeds of INR1,500 MM (US$23.4 MM), in a private placement.

Planned: On August 24, 2017, GE Shipping intends to issue debentures, for gross proceeds of INR1,500 MM (US$23.4 MM), in a private placement.

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