Deals this week: Thales, Saint-Gobain, XTEK

2 June 2016 (Last Updated June 2nd, 2016 18:30)

Thales has raised $$667.39m through a public offering of fixed-rate bonds, due June 2023.

Thales has raised $$667.39m through a public offering of fixed-rate bonds, due June 2023.

The bonds carry a coupon rate of 0.75% a year.

The net proceeds from the offering will be used to repay Thales' debt.

The assets of MIPNET Industries have been acquired by Saint-Gobain Performance Plastics Corporation, a producer of high-performance polymers and materials headquartered in the US.

"The assets of MIPNET Industries have been acquired by Saint-Gobain Performance Plastics Corporation."

Saint-Gobain intends to increase its product offerings through the purchase of MIPNET Industries, which runs under the JTT Composites brand.

Australia-based XTEK Limited plans to issue new shares at a price of $0.32 per security under an underwritten share purchase plan.

The issue price represents a 12.5% discount on the five-day volume-weighted average price (VWAP) prior to the completion of the offer.

The company aims to raise $0.89m, which it intends to use for business marketing, sales and working capital.

DRS Technologies and Autonomous Solutions have executed a strategic partnership agreement to develop automated solutions for the US Army's route-clearance vehicles.

Under the partnership, the companies will collaborate on the army's Route Clearance Interrogation System (RCIS) Type I programme.

Germany-based Daimler, through its Daimler Canada Finance division, has announced the sale of its bonds in a public offering for $279.43m.

The bonds, due May 2018, will be issued at 100% of their principal amount, and will pay an annual interest rate equal to three-month EURIBOR rate plus 0.35%.