underwriting agreement वाक्य

Speaking to reporters yesterday after signing of the underwriting agreement with RHB Sakura Merchant Bankers, Metal Reclamation's managing director Lim Sheng Seaw said out of the some RM30 million which is expected to be derived from the corporate exercise, the group plans to utilise RM25.7 million to partly finance the construction of its new plant at Pulau Indah in Selangor.
Speaking to reporters yesterday after signing of the underwriting agreement with RHB Sakura Merchant Bankers, Metal Reclamation's managing director Lim Sheng Seaw said out of the some RM30 million which is expected to be derived from the corporate exercise, the group plans to utilise RM25 . 7 million to partly finance the construction of its new plant at Pulau Indah in Selangor.
"' Note issuance facility ( NIF ) "'is an underwriting agreement / arrangement in the Eurocurrency market under which borrowers place short / medium term ( one to six months ) notes via a syndicate of prime / commercial banks, and the borrowers'issue is backed by the commitment of the syndicate banks to purchase any paper which the borrowers may be unable to sell.