Natural Gas Utilities
GAIL (INDIA) Ltd
Daesung Industrial Co Ltd <128820.KS> :Says it will issue 10 million preferred shares of the company, at 5,000 won per share, to raise 50 billion won in proceeds for other funds.
Changfeng Energy Inc
Grandblue Environment <600323.SS> Co.,Ltd: Says it will issue up to 2 billion yuan worth of corporate bonds with a par value of 100 yuan per share . Says the bonds with a term of 10 years .Proceeds will be used for bank loan repayment and supplement of working capital.
HIROSHIMA GAS CO LTD:To distribute 549,000 shares of its treasury common stock at 345.08 yen per share through private placement.To raise 189,448,920 yen in total through private placement.Says placement date is March 29.
HIROSHIMA GAS CO LTD:To distribute shares of its treasury common stock through public offering for 345.08 yen per share or 586,636,000 yen in total, with subscription period from March 9 to March 10 and payment date March 15.To distribute shares of its treasury common stock through private placement for 345.08 yen per share or up to 189,448,920 yen in total, with subscription date March 28 and payment date March 29.To raise up to 770,084,920 yen in total.
HIROSHIMA GAS CO LTD:To distribute 1,700,000 shares of its treasury common stock through public offering.To distribute 549,000 shares of its treasury common stock through private placement to Nomura Securities with subscription date March 28 and payment date March 29.To raise up to 838,724,400 yen in total.
Targa Resources Corp:received binding commitments for the purchase of approximately $500 million of 9.5% Series A Preferred Stock (the "Preferred Stock") from investment vehicles affiliated with Stonepeak Infrastructure Partners.Stonepeak will acquire 500,000 newly authorized shares of 9.5% Series A Preferred Stock at a net price to Targa of $1,000 per share.The Preferred Stock can be redeemed in whole or in part at Targa's option after 5 years, and can be converted into Targa common stock in 2028 by Stonepeak or under certain circumstances by the Company.Stonepeak will also receive approximately 7,020,000 warrants with a strike price of $18.88 per common share and 3,385,000 warrants with a strike price of $25.11 per common share.The warrants have a seven year term. Per the terms of the agreement, Stonepeak will appoint Scott Hobbs, a Stonepeak operating partner, to Targa's board of directors as an observer.Expects to use the net proceeds of the private placement to repay indebtedness and for general corporate purposes. Targa Resources Partners LP's pro forma leverage ratio is 3.6 times versus its year-end 2015 leverage ratio of 3.9 times.Targa's pro forma liquidity increases from $1.7 billion to $2.2 billion.Vinson & Elkins L.L.P. served as legal counsel to the Company and Sidley Austin LLP served as legal counsel to Stonepeak.
Amber Grid AB:Says Amber Grid and European Investment Bank (EIB) concluded an agreement on up to 28 million euro loan.Loan will be used for financing construction of project capacity enhancement of Klaipeda-Kiemenai pipeline.
NIPPON GAS CO LTD:To distribute 7,951,000 shares of its treasury common stock at paid-in price of 2,445.48 yen per share or about 19,444,011,480 yen in total.Payment date Dec. 14.