PBF Energy (PBF) plans a $500 million private offering of exchangeable notes due Jan. 15, 2032, the company said Monday.
The company expect to grant an option to the initial purchasers to buy up to an additional $50 million of notes.
PBF Energy plans to use the net proceeds to fund certain capped call transactions in connection with the offering, among other things, the company said.
PBF Energy shares were up 1.4% in premarket activity.
Shanghai Rural Commercial Bank (SHA:601825) completed the issuance of 3 billion yuan of three-year fixed-rate bonds, according to a Saturday filing with the Shanghai bourse.The bonds have a coupon rate of 1.58%. Proceeds will be used to meet asset-liability allocation needs, refill funding sources, and enhance credit extension, the bank said in its filing.
National Australia Bank (ASX:NAB) will issue 15 billion yen subordinated fixed reset notes due September 2036 under its $100 billion global medium term note program, according to a Monday filing with the Australian bourse.The notes will convert to fully paid shares if the Australian Prudential Regulation Authority determines it necessary to prevent the issuer from becoming non-viable, the filing said.
HSBC (HKG:0005) issued 54.3 billion yen of senior unsecured callable bonds in three tranches, according to a filing with the Hong Kong stock exchange on Friday.The offering includes 21.6 billion yen of Thirteenth Series notes with a 2.769% coupon, due September 2030; 25.7 billion yen of Fourteenth Series notes carrying a 3.227% coupon, due September 2032; and 7 billion yen of Fifteenth Series notes with a 3.879% coupon, due September 2037.The lender has applied to list the bonds on the Official List of Euronext Dublin for trading on the Global Exchange Market.