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UPL Ltd’s arm has raised USD 300 million via issue of bonds.
UPL in a regulatory filing stated that, its “wholly owned subsidiary UPL Corporation Ltd has successfully completed the pricing of its USD 300 million senior unsecured notes at 4.5 per annum, due 2028.”
UPL Corporation has been incorporated in Mauritius and these notes will be listed on the Singapore Stock Exchange. Furthermore, UPL has 14 manufacturing units in India and 19 plants overseas.
