Citibank (NYSE:C) Helps Hindustan Petroleum Raise 10 Billion Rupees with Bonds

Hindustan Petroleum

Hindustan Petroleum, an refining company based in Mumbai, India, raised about 10 billion rupees with the aid of Citibank (NYSE:C), along with Axis Bank., SBI Capital Markets and Standard Chartered Bank (LSE:STAN).

The debentures were evidently sold in December 2009 at 7.35 percent.

Hindustan Petroleum

Silver Wheaton (TSE:SLW) Converts Debenture with Pan American Silver (TSE:PAA)

Silver Wheaton Debenture with Pan American Silver

Silver Wheaton Corp. (TSE:SLW) announced after the close of the markets that they will convert its debenture with Pan American Silver Corp. (TSE:PAA) in order to acquire a 12.5 percent stake in the Navidad mining project based in Argentina.

Pan American held the debenture because of its acquisition of Aquiline Resources, who was the former owner of the Navidad mining project.

Specifics of the deal are Pan American will receive $32.4 million in an upfront payment from Silver Wheaton, in return they will be able to acquire silver at either $4 or what the particular market price silver is at at the time it is delivered; whichever is lower.

The actual upfront of $32.4 million will be made in payments rather than at the actual close of the deal.

Silver Wheaton (TSE:SLW) Converts Debenture with Pan American Silver (TSE:PAA)