Maju Investments completes repayment of $310 million of debentures from Niko, including purchase of $50 million of Common Shares of Niko
Clients Maju Investments (Mauritius) Pte. Ltd.
Jones Day advised Maju Investments (Mauritius) Pte. Ltd. ("Maju"), an indirect, wholly-owned subsidiary of Temasek Holdings (Private) Limited, on the prepayment to Maju of CAD$310 million (US$300 million) in Convertible Debentures issued by Niko Resources Ltd. ("Niko”).
Niko used the proceeds of a registered offering of CAD$50 million of Common Shares to Maju, together with a concurrent registered public offering of CAD$102 million of Common Shares, a private offering of CAD$202 million of Convertible Senior Unsecured Notes and cash on hand and advances under its credit facility to prepay the debentures in full at par plus accrued interest.
Niko is a Canadian oil and gas company, with operations in Indonesia, Bangladesh, India, Iraq, Madagascar, and Pakistan.