India

Investors

20 Financial Institutions currently invest or make available an estimated

USD$ 5,827.70 million in nuclear weapons companies.

 

 

Axis Bank

Axis Bank currently has an estimated USD$ 45.00 million invested or available for the nuclear weapons producers identified in this report.

Investment banking

In September 2012, L&T Finance, a subsidiary of Larsen & Toubro, issued bonds with a total value of INR 2,500 million (US$ 45 million) with an interest rate of10.170% due March 2014. The proceeds were used for general corporate purposes. Axis Bank was the sole bookrunner of the issue, underwriting the whole amount of US$ 45 million.1

Darashaw

Darashaw currently has an estimated USD$ 14.70 million invested or available for the nuclear weapons producers identified in this report.

Investment banking

In December 2012, L&T Finance Holdings, a subsidiary of Larsen & Toubro, issued bonds with a total value of US$ 51 million with an interest rate of9.800% due December 2022. The proceeds were used for working capital and general corporate purposes. Darashaw participatedin the syndicate of five banks, underwriting an estimated amount of US$ 10.1 million.2

 

In December 2012, L&T Finance Holdings, a subsidiary of Larsen & Toubro, issued bonds with a total value of INR 250 million (US$ 4.6 million) with an interest rate of9.750% due December 2022. The proceeds were used for general corporate purposes. Darashaw was the sole bookrunner of the issue, underwriting the whole amount of US$ 4.6 million.3

Edelweiss Financial Services

Edelweiss Financial Services currently has an estimated USD$ 22.20 million invested or available for the nuclear weapons producers identified in this report.

Investment banking

In May 2011, L&T Finance, a subsidiary of Larsen & Toubro, issued floating rate bonds with a value of INR 1,000 million (US$ 22.2 million). The bonds are due May 2014. The proceeds were used for general corporate purposes. Edelweiss Capital was the sole bookrunner of the issue, underwriting the whole amount of US$ 22.2 million.4

Equirus Capital

Equirus Capital currently has an estimated USD$ 46.60 million invested or available for the nuclear weapons producers identified in this report.

Investment banking

In July 2011, L&T Finance Holdings a subsidiary of Larsen & Toubro, issued shares through an Initial Public Offering (IPO), raising INR 12,360.7million (US$ 279.7 million). The proceeds were used for paying fees & expenses, investing in other companies, capital expenditures, reducing indebtedness and general corporate purposes. Equirus Capital participatedin the syndicate of six banks, underwriting an estimated amount of US$ 46.6 million.5

General Insurance Corporation of India

General Insurance Corporation of India currently has an estimated USD$ 317.19 million invested or available for the nuclear weapons producers identified in this report.

Asset management

Table 1 provides an overview of the nuclear weapon companies in which General Insurance Corporation of India owns or manages 0.50% or more of the outstanding shares at the most recent available filing date.

Table 1         Shareholdings of General Insurance Corporation of India

Company Country % of all outstanding shares Value (US$ mln) Filing date (range)
Larsen & Toubro India 2.05 317.19 31-Mar-2013

Source: Thomson ONE Banker, “Share ownership”, Thomson ONE Banker (www.thomsonone.com), viewed July 2013.

HDFC Bank

HFDC Bank currently has an estimated USD$ 56.80 million invested or available for the nuclear weapons producers identified in this report.

Investment banking

In April 2012, L&T Finance, a subsidiary of Larsen & Toubro, issued bonds with a total value of US$ 26 million with an interest rate of9.800% due April 2014. The proceeds were used for working capital and general corporate purposes. HDFC Bank participatedin the syndicate of two banks, underwriting an estimated amount of US$ 12.9 million.6

In April 2012, L&T Finance, a subsidiary of Larsen & Toubro, issued bonds with a total value of INR 1,250 million (US$ 24.3 million) with an interest rate of9.800% due April 2014. The proceeds were used for general corporate purposes. HDFC Bank was the sole bookrunner of the issue, underwriting the whole amount of US$ 24.3 million.7

 

In October 2012, L&T Finance, a subsidiary of Larsen & Toubro, issued bonds with a total value of INR 1,000 million (US$ 19 million). The issue was split in two tranches: a INR 500 million(US$ 9.5 million) 9.750% tranche due October 2014 and a INR 500 million(US$ 9.5 million)zero-coupon tranche due November 2013. The proceeds were used for general corporate purposes. HDFC Bank participated in the two bank syndicate,underwriting an estimated amount of US$ 9.5 million.8

In December 2012, L&T Finance Holdings, a subsidiary of Larsen & Toubro, issued bonds with a total value of US$ 51 million with an interest rate of9.800% due December 2022. The proceeds were used for working capital and general corporate purposes. HDFC Bank participatedin the syndicate of five banks, underwriting an estimated amount of US$ 10.1 million.9

Housing Development Finance Corporation

Housing Development Finance Corporation currently has an estimated USD$ 286.88 million invested or available for the nuclear weapons producers identified in this report.

Asset management

Table 2 provides an overview of the nuclear weapon companies in which Housing Development Finance Corporation owns or manages 0.50% or more of the outstanding shares at the most recent available filing date.

Table 2         Shareholdings of Housing Development Finance Corporation

Company Country % of all outstanding shares Value (US$ mln) Filing date (range)
Bharat Electronics India 2.83 52.40 31-May-2013
Larsen & Toubro India 1.32 200.89 31-May-2013

Source: Thomson ONE Banker, “Share ownership”, Thomson ONE Banker (www.thomsonone.com), viewed July 2013.

 

Table 3 provides an overview of the nuclear weapon companies in which Housing Development Finance Corporation owns or manages 0.50% or more of the outstanding bonds at the most recent available filing date.

Table 3         Bondholdings of Housing Development Finance Corporation

Company Country % of all outstanding bonds Value (US$ mln) Filing date (range)
Larsen & Toubro India 1.29 33.59 31-May-13

Source: Bloomberg Database, “Bond holdings”, Bloomberg Database, viewed July 2013.

ICICI Bank

ICICI Bank currently has an estimated USD$ 172.29 million invested or available for the nuclear weapons producers identified in this report.

Loans

In November 2010, Boeing secured a one-year revolving credit facility with a value of US$ 2,376 million. The proceeds were used to refinance the loan from November 2009 and for general corporate purposes. ICICI Bank was part of the syndicate of 37 banks, participating with an estimated amount of US$ 40.7 million.10

Investment banking

In July 2011, Boeing Capital Corporation, a subsidiary of Boeing, issued bonds for a total value of US$ 750 million. The issue was split in two tranches: a US$ 500 million 2.125% tranche due August 2016 and a US$ 250 million 2.900% tranche due August 2018. The proceeds were used for general corporate purposes and to reduce indebtedness. ICICI Bank participatedin the syndicate of 31 banks, underwriting anamount of US$ 7.5 million.11

 

In June 2012, L&T Finance, a subsidiary of Larsen & Toubro, issued bonds with a total value of INR 4,000 million (US$ 71.8 million). The issue was split in two tranches: a INR 2,000 million(US$ 35.9 million) 10.149% tranche due June 2014 and a INR 2,000 million(US$ 35.9 million) 10.150% tranche due June 2014. The proceeds were used for working capital and general corporate purposes. ICICI Bank participated in the four bank syndicate,underwriting an estimated amount of US$ 18 million.12

 

In December 2012, L&T Finance Holdings, a subsidiary of Larsen & Toubro, issued bonds with a total value of US$ 51 million with an interest rate of9.800% due December 2022. The proceeds were used for working capital and general corporate purposes. ICICI Bank participatedin the syndicate of five banks, underwriting an estimated amount of US$ 10.1 million.13

Asset management

Table 4 provides an overview of the nuclear weapon companies in which ICICI Bank owns or manages 0.50% or more of the outstanding bonds at the most recent available filing date.

Table 4         Bondholdings of ICICI Bank

Company Country % of all outstanding bonds Value (US$ mln) Filing date (range)
Larsen & Toubro India 5.25 136.69 31-May-13

Source: Bloomberg Database, “Bond holdings”, Bloomberg Database, viewed July 2013.

Infrastructure Development Finance Company

Infrastructure Development Finance Company currently has an estimated USD$ 9.10 million invested or available for the nuclear weapons producers identified in this report.

Investment banking

In May 2013, L&T Finance, a subsidiary of Larsen & Toubro, issued bonds with a total value of US$ 36 million with an interest rate of8.680% due May 2015. The proceeds were used for general corporate purposes. Infrastructure Development Finance Company (IDFC) participatedin the syndicate of four banks, underwriting an estimated amount of US$ 9.1 million.14

JM Financial

JM Financial currently has an estimated USD$ 46.60 million invested or available for the nuclear weapons producers identified in this report.

Investment banking

In February 2010, L&T Finance Holdings, a subsidiary of Larsen & Toubro, issued bonds with a total value of INR 5,000 million (US$ 107.8 million). The issue was split in two tranches: a INR 2,500 million (US$ 53.9 million) 8.500% tranche due March 2013 and a INR 2,500 million (US$ 53.9 million) 8.400% tranche due March 2013. JM Financial participated in the three bank syndicate,underwriting an estimated amount of US$ 35.9 million.15

In July 2011, L&T Finance Holdings a subsidiary of Larsen & Toubro, issued shares through an Initial Public Offering (IPO), raising INR 12,360.7million (US$ 279.7 million). The proceeds were used for paying fees & expenses, investing in other companies, capital expenditures, reducing indebtedness and general corporate purposes. JM Financial participatedin the syndicate of six banks, underwriting an estimated amount of US$ 46.6 million.16

Kotak Mahindra Group

Kotak Mahindra Group currently has an estimated USD$ 89.08 million invested or available for the nuclear weapons producers identified in this report.

Investment banking

In February 2010, L&T Finance Holdings, a subsidiary of Larsen & Toubro, issued bonds with a total value of INR 5,000 million (US$ 107.8 million). The issue was split in two tranches: a INR 2,500 million (US$ 53.9 million) 8.500% tranche due March 2013 and a INR 2,500 million (US$ 53.9 million) 8.400% tranche due March 2013. Kotak Mahindra Bank participated in the three bank syndicate,underwriting an estimated amount of US$ 35.9 million.17

 

In May 2012, L&T Finance, a subsidiary of Larsen & Toubro, issued bonds with a total value of INR 500 million (US$ 9.2 million) with an interest rate of11.700% due May 2019. The proceeds were used for working capital and general corporate purposes. Kotak Mahindra Bank was the sole bookrunner of the issue, underwriting the whole amount of US$ 9.2 million.18

 

In November 2012, L&T Finance Holdings, a subsidiary of Larsen & Toubro, issued bonds with a total value of INR 1,250 million (US$ 22.9 million). The issue was split in two tranches: a INR 625 million(US$ 11.4 million) 10.070% tranche due May 2014 and a INR 625 million(US$ 11.4 million) 10.014% tranche due March 2014. The proceeds were used for general corporate purposes. Kotak Mahindra Finance, a subsidiary of Kotak Mahindra Bank, participated in the two bank syndicate,underwriting an estimated amount of US$ 11.4 million.19

Asset management

Table 5 provides an overview of the nuclear weapon companies in which Kotak Mahindra Group owns or manages 0.50% or more of the outstanding bonds at the most recent available filing date.

Table 5         Bondholdings of Kotak Mahindra Group

Company Country % of all outstanding bonds Value (US$ mln) Filing date (range)
Larsen & Toubro India 1.25 32.58 31-May-13

Source: Bloomberg Database, “Bond holdings”, Bloomberg Database, viewed July 2013.

Life Insurance Corporation of India

Life Insurance Corporation of India currently has an estimated USD$ 2,697.34 million invested or available for the nuclear weapons producers identified in this report.

Asset management

Table 6 provides an overview of the nuclear weapon companies in which Life Insurance Corporation of India owns or manages 0.50% or more of the outstanding shares at the most recent available filing date.

Table 6         Shareholdings of Life Insurance Corporation of India

Company Country % of all outstanding shares Value (US$ mln) Filing date (range)
Bharat Electronics India 8.32 141.69 31-Mar-2013
Larsen & Toubro India 16.48 2,555.65 31-Mar-2013 until 31-May-2013

Source: Thomson ONE Banker, “Share ownership”, Thomson ONE Banker (www.thomsonone.com), viewed July 2013.

LKP Finance

LKP Finance currently has an estimated USD$ 48.90 million invested or available for the nuclear weapons producers identified in this report.

Investment banking

In June 2012, L&T Finance, a subsidiary of Larsen & Toubro, issued bonds with a total value of INR 4,000 million (US$ 71.8 million). The issue was split in two tranches: a INR 2,000 million(US$ 35.9 million) 10.149% tranche due June 2014 and a INR 2,000 million(US$ 35.9 million) 10.150% tranche due June 2014. The proceeds were used for working capital and general corporate purposes. LKP Shares and Securities, a subsidiary of LKP Finance, participated in the four bank syndicate,underwriting an estimated amount of US$ 18 million.20

 

In July 2012, L&T Finance, a subsidiary of Larsen & Toubro, issued bonds with a total value of US$ 13 million with an interest rate of9.970% due July 2014. The proceeds were used for working capital and general corporate purposes. LKP Shares and Securities, a subsidiary of LKP Finance, participatedin the syndicate of three banks, underwriting an estimated amount of US$ 4.2 million.21

 

In October 2012, L&T Finance, a subsidiary of Larsen & Toubro, issued bonds with a total value of INR 1,000 million (US$ 18.6 million). The issue was split in two tranches: a INR 500 million(US$ 9.3 million) 9.410% tranche due April 2014 and a INR 500 million(US$ 9.3 million) 9.480% tranche due October 2014. The proceeds were used for general corporate purposes. LKP Shares and Securities, a subsidiary of LKP Finance, participated in the three bank syndicate,underwriting an estimated amount of US$ 6.2 million.22

 

In November 2012, L&T Finance Holdings, a subsidiary of Larsen & Toubro, issued bonds with a total value of INR 1,250 million (US$ 22.9 million). The issue was split in two tranches: a INR 625 million(US$ 11.4 million) 10.070% tranche due May 2014 and a INR 625 million(US$ 11.4 million) 10.014% tranche due March 2014. The proceeds were used for general corporate purposes. LKP Shares and Securities, a subsidiary of LKP Finance, participated in the two bank syndicate,underwriting an estimated amount of US$ 11.4 million.23

 

In May 2013, L&T Finance, a subsidiary of Larsen & Toubro, issued bonds with a total value of US$ 36 million with an interest rate of8.680% due May 2015. The proceeds were used for general corporate purposes. LKP Shares and Securities, a subsidiary of LKP Finance, participatedin the syndicate of four banks, underwriting an estimated amount of US$ 9.1 million.24

Mata Securities India

Mata Securities India currently has an estimated USD$ 9.80 million invested or available for the nuclear weapons producers identified in this report.

Investment banking

In December 2011, L&T Finance, a subsidiary of Larsen & Toubro, issued bonds with a total value of INR 1,500 million (US$ 29.4 million). The issue was split in five tranches: a INR 300 million(US$ 5.9 million) 10.250% tranche due November 2014, two INR 300 million(US$ 5.9 million) 10.150% tranches due June 2013 and two INR 300 million(US$ 5.9 million) 10.150% tranches due May 2013. The proceeds were used for general corporate purposes. Mata Securities India participated in the three bank syndicate,underwriting an estimated amount of US$ 9.8 million.25

SPA Group

SPA Group currently has an estimated USD$ 9.10 million invested or available for the nuclear weapons producers identified in this report.

Investment banking

In May 2013, L&T Finance, a subsidiary of Larsen & Toubro, issued bonds with a total value of US$ 36 million with an interest rate of8.680% due May 2015. The proceeds were used for general corporate purposes. SPA Capital Advisors, a subsidiary of SPA Group, participatedin the syndicate of four banks, underwriting an estimated amount of US$ 9.1 million.26

State Bank of India

State Bank of India currently has an estimated USD$ 249.60 million invested or available for the nuclear weapons producers identified in this report.

Loans

In June 2013, Aecom entered into a US$ 750 million five-year term loan at a base rate of LIBOR+150.000bps, a second amendment to an existing credit agreement from 2010. The proceeds were destined for capital expenditures, to repay all obligations owing under the existing credit agreement, and for other general corporate purposes. State Bank of India was part of the 24 bank syndicate and participated with an estimated US$ 20 million.27

Asset management

Table 7 provides an overview of the nuclear weapon companies in which State Bank of India owns or manages 0.50% or more of the outstanding shares at the most recent available filing date.

Table 7         Shareholdings of State Bank of India

Company Country % of all outstanding shares Value (US$ mln) Filing date (range)
Larsen & Toubro India 1.49 229.60 31-Mar-2013 until 31-May-2013

Source: Thomson ONE Banker, “Share ownership”, Thomson ONE Banker (www.thomsonone.com), viewed July 2013.

The New India Assurance Co.

The New India Assurance Co. currently has an estimated USD$ 172.18 million invested or available for the nuclear weapons producers identified in this report.

Asset management

Table 8 provides an overview of the nuclear weapon companies in which The New India Assurance Co. owns or manages 0.50% or more of the outstanding shares at the most recent available filing date.

Table 8         Shareholdings of The New India Assurance Co.

Company Country % of all outstanding shares Value (US$ mln) Filing date (range)
Larsen & Toubro India 1.11 172.18 31-Mar-2013

Source: Thomson ONE Banker, “Share ownership”, Thomson ONE Banker (www.thomsonone.com), viewed July 2013.

Trust Investment Advisors

Trust Investment Advisors currently has an estimated USD$ 139.60 million invested or available for the nuclear weapons producers identified in this report.

Investment banking

In December 2011, L&T Finance, a subsidiary of Larsen & Toubro, issued bonds with a total value of INR 4,595 million (US$ 85.7 million). The issue was split in four tranches: a INR 1,630 million(US$ 30.4 million) 10.150% tranche due December 2013, a INR 2,415 million(US$ 45 million) 10.150% tranche due December 2013, a INR 250 million(US$ 4.7 million) 10.040% tranche due June 2013 and a INR 300 million(US$ 5.6 million) 10.040% tranche due June 2013. The proceeds were used for general corporate purposes. Trust Investment Advisors participated in the three bank syndicate,underwriting an estimated amount of US$ 28.6 million.28

 

In April 2012, L&T Finance, a subsidiary of Larsen & Toubro, issued bonds with a total value of US$ 26 million with an interest rate of9.800% due April 2014. The proceeds were used for working capital and general corporate purposes. Trust Investment Advisors participatedin the syndicate of two banks, underwriting an estimated amount of US$ 12.9 million.29

 

In July 2012, L&T Finance, a subsidiary of Larsen & Toubro, issued bonds with a total value of US$ 13 million with an interest rate of9.970% due July 2014. The proceeds were used for working capital and general corporate purposes. Trust Investment Advisors participatedin the syndicate of three banks, underwriting an estimated amount of US$ 4.2 million.30

 

In December 2012, L&T Finance, a subsidiary of Larsen & Toubro, issued bonds with a total value of INR 250 million (US$ 4.6 million) with an interest rate of9.450% due December 2015. The proceeds were used for general corporate purposes. Trust Investment Advisors was the sole bookrunner of the issue, underwriting the whole amount of US$ 4.6 million.31

 

In December 2012, L&T Finance Holdings, a subsidiary of Larsen & Toubro, issued bonds with a total value of US$ 51 million with an interest rate of9.800% due December 2022. The proceeds were used for working capital and general corporate purposes. Trust Investment Advisors participatedin the syndicate of five banks, underwriting an estimated amount of US$ 10.1 million.32

 

In January 2013, L&T Finance, a subsidiary of Larsen & Toubro, issued bonds with a total value of INR 250 million (US$ 4.5 million) with an interest rate of9.350% due July 2014. The proceeds were used for general corporate purposes. Trust Investment Advisors was the sole bookrunner of the issue, underwriting the whole amount of US$ 4.5 million.33

 

In March 2013, L&T Fincorp, a subsidiary of Larsen & Toubro, issued bonds with a total value of INR 250 million (US$ 4.6 million) with an interest rate of9.710% due March 2015. The proceeds were used for general corporate purposes. Trust Investment Advisors was the sole bookrunner of the issue, underwriting the whole amount of US$ 4.6 million.34

 

In June 2013, L&T Fincorp, a subsidiary of Larsen & Toubro, issued bonds with a total value of INR 250 million (US$ 4.2 million) with an interest rate of8.700% due June 2015. The proceeds were used for general corporate purposes. Trust Investment Advisors was the sole bookrunner of the issue, underwriting the whole amount of US$ 4.2 million.35

 

In June 2013, L&T Fincorp, a subsidiary of Larsen & Toubro, issued bonds with a total value of INR 1,500 million (US$ 24.7 million) with an interest rate of8.700% due June 2015. The proceeds were used for general corporate purposes. Trust Investment Advisors was the sole bookrunner of the issue, underwriting the whole amount of US$ 24.7 million.36

 

In June 2013, L&T Finance, a subsidiary of Larsen & Toubro, issued bonds with a total value of INR 2,500 million (US$ 41.2 million) with an interest rate of8.680% due June 2015. The proceeds were used for general corporate purposes. Trust Investment Advisors was the sole bookrunner of the issue, underwriting the whole amount of US$ 41.2 million.37

UTI Asset Management

UTI Asset Management currently has an estimated USD$ 1,295.64 million invested or available for the nuclear weapons producers identified in this report.

Asset management

Table 9 provides an overview of the nuclear weapon companies in which UTI Asset Management owns or manages 0.50% or more of the outstanding shares at the most recent available filing date.

Table 9         Shareholdings of UTI Asset Management

Company Country % of all outstanding shares Value (US$ mln) Filing date (range)
Bharat Electronics India 1.17 21.63 31-May-2013
Larsen & Toubro India 8.21 1,274.01 31-Mar-2013

Source: Thomson ONE Banker, “Share ownership”, Thomson ONE Banker (www.thomsonone.com), viewed July 2013.

 

VIEL

VIEL currently has an estimated USD$ 99.10 million invested or available for the nuclear weapons producers identified in this report.

Investment banking

In December 2011, L&T Finance, a subsidiary of Larsen & Toubro, issued bonds with a total value of INR 4,595 million (US$ 85.7 million). The issue was split in four tranches: a INR 1,630 million(US$ 30.4 million) 10.150% tranche due December 2013, a INR 2,415 million(US$ 45 million) 10.150% tranche due December 2013, a INR 250 million(US$ 4.7 million) 10.040% tranche due June 2013 and a INR 300 million(US$ 5.6 million) 10.040% tranche due June 2013. The proceeds were used for general corporate purposes. Derivium Tradition Securities, a subsidiary of VIEL, participated in the three bank syndicate,underwriting an estimated amount of US$ 28.6 million.38

 

In December 2011, L&T Finance, a subsidiary of Larsen & Toubro, issued bonds with a total value of INR 1,500 million (US$ 29.4 million). The issue was split in five tranches: a INR 300 million(US$ 5.9 million) 10.250% tranche due November 2014, two INR 300 million(US$ 5.9 million) 10.150% tranches due June 2013 and two INR 300 million(US$ 5.9 million) 10.150% tranches due May 2013. The proceeds were used for general corporate purposes. Derivium Capital & Securities, a subsidiary of VIEL, participated in the three bank syndicate,underwriting an estimated amount of US$ 9.8 million.39

 

In March 2012, L&T Finance, a subsidiary of Larsen & Toubro, issued bonds with a total value of INR 1,020 million (US$ 19.9 million). The issue was split in five tranches: a INR 204 million(US$ 4 million) 9.847% tranche due March 2014, and four INR 204 million(US$ 4 million)tranches due April 2014 with different interest rates: 9.828%, 9.839%, 9.842% and 9.828%. The proceeds were used for general corporate purposes. Derivium Tradition Securities, a subsidiary of VIEL, was the sole bookrunner of the issue, underwriting the whole amount of US$ 19.9 million.40

 

In June 2012, L&T Finance, a subsidiary of Larsen & Toubro, issued bonds with a total value of INR 4,000 million (US$ 71.8 million). The issue was split in two tranches: a INR 2,000 million(US$ 35.9 million) 10.149% tranche due June 2014 and a INR 2,000 million(US$ 35.9 million) 10.150% tranche due June 2014. The proceeds were used for working capital and general corporate purposes. Derivium Tradition Securities, a subsidiary of VIEL, participated in the four bank syndicate,underwriting an estimated amount of US$ 18 million.41

 

In July 2012, L&T Finance, a subsidiary of Larsen & Toubro, issued bonds with a total value of US$ 13 million with an interest rate of9.970% due July 2014. The proceeds were used for working capital and general corporate purposes. Derivium Tradition Securities, a subsidiary of VIEL, participatedin the syndicate of three banks, underwriting an estimated amount of US$ 4.2 million.42

 

In October 2012, L&T Finance, a subsidiary of Larsen & Toubro, issued bonds with a total value of INR 1,000 million (US$ 19 million). The issue was split in two tranches: a INR 500 million(US$ 9.5 million) 9.750% tranche due October 2014 and a INR 500 million(US$ 9.5 million)zero-coupon tranche due November 2013. The proceeds were used for general corporate purposes. Derivium Tradition Securities, a subsidiary of VIEL, participated in the two bank syndicate,underwriting an estimated amount of US$ 9.5 million.43

 

In December 2012, L&T Finance Holdings, a subsidiary of Larsen & Toubro, issued bonds with a total value of INR 1,240 million (US$ 22.6 million) with an interest rate of9.780% due June 2013. The proceeds were used for general corporate purposes. Derivium Tradition Securities, a subsidiary of VIEL, was the sole bookrunner of the issue, underwriting the whole amount of US$ 22.6 million.44

 

In May 2013, L&T Finance, a subsidiary of Larsen & Toubro, issued bonds with a total value of US$ 36 million with an interest rate of8.680% due May 2015. The proceeds were used for general corporate purposes. Derivium Tradition Securities, a subsidiary of VIEL, participatedin the syndicate of four banks, underwriting an estimated amount of US$ 9.1 million.45

 

 

  1. Thomson ONE Banker, “Tearsheet 2451711101”, Thomson ONE Banker (www.thomsonone.com), 03 September 2012. ↩

  2. Thomson ONE Banker, “Tearsheet 2487367101”, Thomson ONE Banker (www.thomsonone.com), 14 December 2012. ↩

  3. Thomson ONE Banker, “Tearsheet 2478996101”, Thomson ONE Banker (www.thomsonone.com), 12 December 2012. ↩

  4. Thomson ONE Banker, “Tearsheet 2318071101”, Thomson ONE Banker (www.thomsonone.com), 30 May 2011; Bloomberg Database, “Corporates by ticker”, Bloomberg Database, viewed November 2011. ↩

  5. Thomson ONE Banker, “Tearsheet 2224426009”, Thomson ONE Banker (www.thomsonone.com), 30 July 2011. ↩

  6. Thomson ONE Banker, “Tearsheet 2410566101”, Thomson ONE Banker (www.thomsonone.com), 27 April 2012. ↩

  7. Thomson ONE Banker, “Tearsheet 2410593101”, Thomson ONE Banker (www.thomsonone.com), 17 April 2012. ↩

  8. Thomson ONE Banker, “Tearsheet 2466294101 and 2466295101”, Thomson ONE Banker (www.thomsonone.com), 08 October 2012. ↩

  9. Thomson ONE Banker, “Tearsheet 2487367101”, Thomson ONE Banker (www.thomsonone.com), 14 December 2012. ↩

  10. Thomson ONE Banker, “Tearsheet 2645490115”, Thomson ONE Banker (www.thomsonone.com), 12 November 2010; Bloomberg Database, “Loan finder”, Bloomberg Database, viewed November 2011; The Boeing Company, “364-Day Credit Agreement”, The Boeing Company, 12 November 2010. ↩

  11. Thomson ONE Banker, “Tearsheets 2332822001 and 2332945001”, Thomson ONE Banker (www.thomsonone.com), 28 July 2011; Bloomberg Database, “Corporates by ticker”, Bloomberg Database, viewed November 2011. ↩

  12. Thomson ONE Banker, “Tearsheet 2426294101 and 2422953101”, Thomson ONE Banker (www.thomsonone.com), 14 June 2012. ↩

  13. Thomson ONE Banker, “Tearsheet 2487367101”, Thomson ONE Banker (www.thomsonone.com), 14 December 2012. ↩

  14. Thomson ONE Banker, “Tearsheet 2531086101 and 2531087101”, Thomson ONE Banker (www.thomsonone.com), 17 May 2013. ↩

  15. Thomson ONE Banker, “Tearsheet 2154650101”, Thomson ONE Banker (www.thomsonone.com), 9 February 2010; Bloomberg Database, “Corporates by ticker”, Bloomberg Database, viewed November 2011; L&T Finance, “Draft Prospectus”, L&T Finance, 25 January 2010. ↩

  16. Thomson ONE Banker, “Tearsheet 2224426009”, Thomson ONE Banker (www.thomsonone.com), 30 July 2011. ↩

  17. Thomson ONE Banker, “Tearsheet 2154650101”, Thomson ONE Banker (www.thomsonone.com), 9 February 2010; Bloomberg Database, “Corporates by ticker”, Bloomberg Database, viewed November 2011; L&T Finance, “Draft Prospectus”, L&T Finance, 25 January 2010. ↩

  18. Thomson ONE Banker, “Tearsheet 2422970101”, Thomson ONE Banker (www.thomsonone.com), 16 May 2012. ↩

  19. Thomson ONE Banker, “Tearsheet 2475977101 and 2475978101”, Thomson ONE Banker (www.thomsonone.com), 15 November 2012. ↩

  20. Thomson ONE Banker, “Tearsheet 2426294101 and 2422953101”, Thomson ONE Banker (www.thomsonone.com), 14 June 2012. ↩

  21. Thomson ONE Banker, “Tearsheet 2446982101”, Thomson ONE Banker (www.thomsonone.com), 27 July 2012. ↩

  22. Thomson ONE Banker, “Tearsheet 2465426101 and 2465427101”, Thomson ONE Banker (www.thomsonone.com), 19 October 2012. ↩

  23. Thomson ONE Banker, “Tearsheet 2475977101 and 2475978101”, Thomson ONE Banker (www.thomsonone.com), 15 November 2012. ↩

  24. Thomson ONE Banker, “Tearsheet 2531086101 and 2531087101”, Thomson ONE Banker (www.thomsonone.com), 17 May 2013. ↩

  25. Thomson ONE Banker, “Tearsheet 2368207101, 2368210101, 2368208101, 2368209101 and 2368211101”, Thomson ONE Banker (www.thomsonone.com), 02 December 2011. ↩

  26. Thomson ONE Banker, “Tearsheet 2531086101 and 2531087101”, Thomson ONE Banker (www.thomsonone.com), 17 May 2013. ↩

  27. Thomson ONE Banker, ”Tearsheet 2987265115”, Thomson ONE Banker (www.thomsonone.com), 7 June 2013; AECOM Technology Corporation, “United States Securities and Exchange Commission: Second amended and restated credit agreement”, AECOM Technology Corporation, 7 June 2013 (www.sec.gov/Archives/edgar/data/868857/000110465913049042/a13-14922_1ex10d1.htm). ↩

  28. Thomson ONE Banker, “Tearsheet 2372749101, 2372750101, 2372751101 and 2372752101”, Thomson ONE Banker (www.thomsonone.com), 15 December 2011. ↩

  29. Thomson ONE Banker, “Tearsheet 2410566101”, Thomson ONE Banker (www.thomsonone.com), 27 April 2012. ↩

  30. Thomson ONE Banker, “Tearsheet 2446982101”, Thomson ONE Banker (www.thomsonone.com), 27 July 2012. ↩

  31. Thomson ONE Banker, “Tearsheet 2481450101”, Thomson ONE Banker (www.thomsonone.com), 18 December 2012. ↩

  32. Thomson ONE Banker, “Tearsheet 2487367101”, Thomson ONE Banker (www.thomsonone.com), 14 December 2012. ↩

  33. Thomson ONE Banker, “Tearsheet 2486910101”, Thomson ONE Banker (www.thomsonone.com), 07 January 2013. ↩

  34. Thomson ONE Banker, “Tearsheet 2508194101”, Thomson ONE Banker (www.thomsonone.com), 26 March 2013. ↩

  35. Thomson ONE Banker, “Tearsheet 2534626101”, Thomson ONE Banker (www.thomsonone.com), 27 June 2013. ↩

  36. Thomson ONE Banker, “Tearsheet 2534624101”, Thomson ONE Banker (www.thomsonone.com), 26 June 2013. ↩

  37. Thomson ONE Banker, “Tearsheet 2534649101”, Thomson ONE Banker (www.thomsonone.com), 26 June 2013. ↩

  38. Thomson ONE Banker, “Tearsheet 2372749101, 2372750101, 2372751101 and 2372752101”, Thomson ONE Banker (www.thomsonone.com), 15 December 2011. ↩

  39. Thomson ONE Banker, “Tearsheet 2368207101, 2368210101, 2368208101, 2368209101 and 2368211101”, Thomson ONE Banker (www.thomsonone.com), 02 December 2011. ↩

  40. Thomson ONE Banker, “Tearsheet 2412600101, 2412602101, 2412604101, 2412603101 and 2412601101”, Thomson ONE Banker (www.thomsonone.com), 22 March 2012. ↩

  41. Thomson ONE Banker, “Tearsheet 2426294101 and 2422953101”, Thomson ONE Banker (www.thomsonone.com), 14 June 2012. ↩

  42. Thomson ONE Banker, “Tearsheet 2446982101”, Thomson ONE Banker (www.thomsonone.com), 27 July 2012. ↩

  43. Thomson ONE Banker, “Tearsheet 2466294101 and 2466295101”, Thomson ONE Banker (www.thomsonone.com), 08 October 2012. ↩

  44. Thomson ONE Banker, “Tearsheet 2490855101”, Thomson ONE Banker (www.thomsonone.com), 03 December 2012. ↩

  45. Thomson ONE Banker, “Tearsheet 2531086101 and 2531087101”, Thomson ONE Banker (www.thomsonone.com), 17 May 2013. ↩

About Susi Snyder

Susi Snyder coordinates the research, publication and campaigning activities surrounding the Don’t Bank on the Bomb report.