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​IIFL Finance’s Rs 1,000 crore NCD issue to open on Tuesday

​IIFL Finance’s Rs 1,000 crore NCD issue to open on Tuesday

Finance
MUMBAI: IIFL Finance will launch a public issue of bonds on Tuesday, to raise up to Rs 1,000 crore, offering up to 10.50 per cent yield. The non-banking finance company (NBFC) will issue secured and unsecured redeemable non-convertible debentures, totalling Rs 100 crore, with a greenshoe option to retain oversubscription up to Rs 900 crore. The IIFL debentures will offer yield of 10.50 per cent per annum for the tenor of 69 months. It will offer 10 per cent per annum yield for a shorter tenor of 15 months in the secured category. The bonds have monthly, quarterly, and annual payment frequency along with zero coupon bonds. The other tenor offered is 39 months for secured category. Crisil has rated the instrument as AA/Stable. The lead managers to the issue are Edelweiss Financial Services, ...
CDC: U.S. measles cases surpass 1,000

CDC: U.S. measles cases surpass 1,000

Health
June 5 (UPI) -- The number of measles cases in the United States surpassed 1,000 Wednesday, a milestone Health and Human Services Secretary Alex Azar called "troubling." The Centers for Disease Control and Prevention said 1,001 people have been sickened by the contagious disease in 2019. The agency made the announcement two days after its regular weekly outbreak update. On Monday, the CDC said 981 illnesses had been reported. "The 1,000th case of a preventable disease like measles is a troubling reminder of how important that work is to the public health of the nation," Azar said of the HHS' efforts to promote safety and vaccinations. "We cannot say this enough: Vaccines are a safe and highly effective public health tool that can prevent this disease and end the current outbreak," he ad...
‘Devastated’: 1,000 redundancies as Jamie Oliver restaurant chain collapses

‘Devastated’: 1,000 redundancies as Jamie Oliver restaurant chain collapses

Business
Administrators to Jamie Oliver's restaurant chain say 22 sites have closed resulting in 1,000 redundancies after the business collapsed.KPMG said attempts to bring fresh investment into the celebrity chef's business - at a time of rising costs and fragile consumer confidence - had failed. The business was left without enough cash to trade while in administration, meaning that all but three of its 25 eateries have closed.Jamie Oliver said he was "devastated" as the collapse - first reported by Sky News - was announced. Image: 22 of the 25 sites have closed KPMG said Mr Oliver had made additional funds of £4m available since the start of this year as the business sought to attract new investment but after failing to do so "and in