Microfinance lender Satin Creditcare Network announced plans to raise $20 million through dollar-denominated bonds. These bonds are slated for allotment on May 27 and will feature a SOFR-linked coupon, set at 310 basis points above the six-month SOFR. Interest payments will be made semi-annually.
Wockhardt shares rocket 19% after FDA approval for antibiotic targeting drug-resistant infections. Check details
Wockhardt’s shares surged 19% after the U.S. FDA approved ZAYNICH, a novel intravenous antibiotic for complicated urinary tract infections. The drug, combining cefepime and zidebactam,