MUMBAI: India's hottest young cricketer Virat Kohli is setting the world of brand endorsements alight. The Indian captain-in-the-making, whose exploits on the field, combined with his youth, good looks and never-say-die attitude, makes him a winner off the field too, has inked a Rs 10-crore per annum deal with German sports goods giant Adidas.
Showing posts with label deal. Show all posts
Showing posts with label deal. Show all posts
Friday, 27 September 2013
Friday, 13 September 2013
US set to bag $5bn defence deals
NEW DELHI: Having already bagged Indian defence contracts worth over $8 billion in recent years after muscling out Russia, Israel and France, the US is now headed towards clinching another four major deals worth almost $5 billion.
Defence ministry sources on Thursday said the deals for six more C-130J " Super Hercules" aircraft ($1.2 billion), 22 Apache attack helicopters ($1.4 billion), 145 M-777 ultra-light howitzers ($885 million) and 15 Chinook heavy-lift helicopters (around $1 billion) "are in the final stages" now.
Defence ministry sources on Thursday said the deals for six more C-130J " Super Hercules" aircraft ($1.2 billion), 22 Apache attack helicopters ($1.4 billion), 145 M-777 ultra-light howitzers ($885 million) and 15 Chinook heavy-lift helicopters (around $1 billion) "are in the final stages" now.
Saturday, 7 September 2013
Nokia to pay off NSN financing from $2 billion Microsoft loan
NEW DELHI: Finnish handset maker Nokia, which is selling its devices and services business to Microsoft, will borrow $1.97 billion from the US software giant to pay off loans taken to acquire the stake held by Siemens in their joint venture NSN.
In connection with the deal, Microsoft had agreed to make 1.5 billion euros of financing available to Nokia in the form of three tranches of $658.77 million convertible bonds.
The mobile phone maker has decided to draw down all the financing and will issue three tranches of senior unsecured convertible bonds, it said in a statement.
"Nokia intends to use the proceeds of the offering to prepay financing raised for the acquisition of the shares in NSN, which was completed in August 2013, and for general corporate purposes," the company said yesterday.
Microsoft last week agreed to acquire a major part of the devices and services business of Nokia and license its patents for about $7.2 billion. Nokia will keep its telecom network equipment arm NSN, mapping and location services (HERE), its CTO office and its patent portfolio.
In July, Nokia agreed to buy German engineering giant Siemens' 50% stake in their mobile broadband joint venture NSN for $2.2 billion. The firm was renamed Nokia Systems and Networks (NSN).
The bonds are expected to be issued on or about September 23, Nokia said. The first tranche matures in five years and has a 1.125% per annum coupon payable semi-annually with an initial conversion price of EUR 3.9338.
The second tranche of 2019 bonds has a 2.5% per annum coupon payable semi-annually and an initial conversion price of EUR 4.0851.
The third tranche matures in seven years and has a 3.625% per annum coupon payable semi-annually with an initial conversion price of EUR 4.2364.
Microsoft has agreed not to sell any of the bonds or convert them to Nokia shares before the sale of the devices and services business is closed, Nokia said. The transaction is expected to close in the first quarter of 2014.
In connection with the deal, Microsoft had agreed to make 1.5 billion euros of financing available to Nokia in the form of three tranches of $658.77 million convertible bonds.
The mobile phone maker has decided to draw down all the financing and will issue three tranches of senior unsecured convertible bonds, it said in a statement.
"Nokia intends to use the proceeds of the offering to prepay financing raised for the acquisition of the shares in NSN, which was completed in August 2013, and for general corporate purposes," the company said yesterday.
Microsoft last week agreed to acquire a major part of the devices and services business of Nokia and license its patents for about $7.2 billion. Nokia will keep its telecom network equipment arm NSN, mapping and location services (HERE), its CTO office and its patent portfolio.
In July, Nokia agreed to buy German engineering giant Siemens' 50% stake in their mobile broadband joint venture NSN for $2.2 billion. The firm was renamed Nokia Systems and Networks (NSN).
The bonds are expected to be issued on or about September 23, Nokia said. The first tranche matures in five years and has a 1.125% per annum coupon payable semi-annually with an initial conversion price of EUR 3.9338.
The second tranche of 2019 bonds has a 2.5% per annum coupon payable semi-annually and an initial conversion price of EUR 4.0851.
The third tranche matures in seven years and has a 3.625% per annum coupon payable semi-annually with an initial conversion price of EUR 4.2364.
Microsoft has agreed not to sell any of the bonds or convert them to Nokia shares before the sale of the devices and services business is closed, Nokia said. The transaction is expected to close in the first quarter of 2014.
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