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Tata Motors raises $425 mln in offshore bonds

The auto major on Thursday announced that it has raised $425 million through unsecured offshore bonds at a rate of 4.35% to refinance existing debt and meet general corporate expenses.TML Holdings, a wholly owned subsidiary of Tata Motors, successfully priced a $425 million 5NC 2.5 year Fixed Rate Senior Unsecured Notes due in 2026 at a coupon rate of 4.350%.
The notes have received a rating of B from Standard & Poor s Rating Service, which is equated to S&P s rating on Tata Motor (rated B with stable outlook). The Notes will be issued on 9 June 2021 with a maturity date of 9 June 2026.
The transaction has received significant interest from investors across Asia and Europe with the final order book in excess of $2.2 billion (representing an oversubscription of over 5.1x) from 138 accounts and 84% of the final allocation to high quality, blue-chip real money funds and asset managers. ....

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Pressuring junta, France suspends joint military operations with Malian forces

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Colonel Assimi Goita, leader of Malian military junta, attends the Economic Community of West African States (ECOWAS) consultative meeting in Accra, Ghana September 15, 2020. REUTERS/ Francis Kokoroko/File Photo
France said on Thursday it was suspending its joint military operations with local troops in Mali as part of efforts to pressure the military junta there to restore a civilian-led government.
Mali s military arrested interim President Bah Ndaw and Prime Minister Moctar Ouane last week and pressured them to resign, derailing a transition to democratic elections after another military coup last August.
Former vice president Assimi Goita, a colonel who led the August coup and last week s revolt, was declared president on Friday. ....

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African Union suspends Mali after military coup and threatens sanctions

The African Union has suspended Mali's membership in response to last week's military coup and threatened sanctions if a civilian-led government is not restored, it said in a statement on Tuesday. ....

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The Handmaid's Tale recap: Season 4, Episode 8, "Testimony"

Photo: Sophie Giraud/Hulu
From my extremely limited understanding of Emmy eligibility rules, “Testimony” falls under the “hanging episodes” rule that states that episodes aired after the May 31 deadline can still be considered as long as the screeners were available before that date. Which is great news for the cast of
The Handmaid’s Tale because this is clearly the Emmy clip episode especially for Elisabeth Moss, who has been treating this season like a greatest hits montage.
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Report: Price tag to clean up Tennessee mines $126M

(The Center Square) – The federal government’s Abandoned Mine Land Fee is set to expire in September, and the National Mining Association contends $12 billion already paid into the fund ....

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