ESR REIT (SGX:9A4U) completed the divestment of a portfolio of seven industrial properties across Singapore, for SG$225 million, according to a Wednesday bourse filing.
Meanwhile, the completion of the divestment of the 46ATP Property is underway.
Following the divestment, the REIT's portfolio comprises 63 income-producing properties across Singapore, Japan and Australia.
Texmaco Rail & Engineering (NSE:TEXRAIL, BOM:533326) said TrinityRail Global, a subsidiary of Trinity Industries, has acquired a 32% stake in Touax Texmaco Railcar Leasing, according to a Wednesday filing with the Indian bourses.Shares of Texmaco Rail jumped nearly 4% in Thursday's trade.Touax Texmaco Railcar Leasing is the railcar leasing joint venture between Texmaco and France-based Touax Group.The three-way partnership is focused on railcar leasing and asset solutions for the Indian freight rail market, it added.The partners aim to expand Touax Texmaco Railcar's leasing platform and introduce new railcar technologies and designs in India, the filing said.
Beijing has tasked the National Development and Reform Commission (NDRC) to manage the coordination of its overseas metals and mining deals, Bloomberg News reported Thursday, citing sources.Guangyan International Investment, which is owned by state firm China Minmetals, will invest in projects, as well as offer support on compliance and the planning of international contracts, the report said.In May, major metals companies, such as Zijin Mining Group (SHA:601899, HKG:2899) and China Baowu Steel Group, were told in a meeting that they would be receiving support from the government for overseas investments, sources told the media outlet.Guangyan International Investment does not have an email address, butreached out to China Minmetals for comment, and they have yet to respond.The NDRC, Zijin and Baowu did not immediately respond to' request for comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
IIFL Finance (NSE:IIFL, BOM:532636) has assigned a coupon rate of 7.60% per annum for its $500 million senior, secured, fixed-rate notes, according to a Thursday filing to the Indian stock exchanges.The notes are part of the company's $1 billion global medium-term note program. They will be allotted on June 10 and are scheduled to mature on Sept. 10, 2029.The coupon rate of 7.60% per annum will be payable semi-annually on Sept. 10 and March 10 of each year, starting from March 10, 2027, until the maturity date.The company's shares were up nearly 4% in recent trade.