SBM Offshore says has taken sufficient charges on Yme
SBM Offshore, the Dutch maritime oil and gas engineer, said on Thursday it has taken sufficient charges related to its troubled Yme project and reiterated its full-year guidance.
Pursuant to the same, SBI is undertaking a tranche issue of Bonds aggregating to Rs. 10,000 million with an option to retain over-subscription upto Rs. 10,000 million for issuance of additional Bonds aggregating to a total of Rs. 20,000 million along with an option to retain retail oversubscription upto the residual Shelf Limit.