Sentences with phrase «state bond prospectuses»
Not exact matches
A 2015 bond prospectus, which HNA filed in Singapore, described it as a «related party» while annual reports filed by Hainan Airlines over 18 years stated that Pacific American was a major supplier.
https://www.nytimes.com/
According to a prospectus released Friday afternoon, the state's Metropolitan Transportation Authority (MTA) has designated JPMorgan, Citigroup and Bank of America to help manage a new $ 225 million bond.
What is now clear is that the government did not quite use the proceeds for the purpose that was stated in the prospectus and the basis on which investors bought the bond.
Count 12 of the criminal charge, which bordered on conspiracy to steal and punishable under Section 516 of the Criminal Code law, Cap C. 16 Laws of Ekiti State, 2010 reads, «That you Dr John Kayode Fayemi and Mr Vincent Dapo Kolawole, while holding the offices of the Executive Governor of Ekiti State of Nigeria and Commissioner for Finance respectively, sometime between 2011 and 2014, within the jurisdiction of this Honorable Court, conspired to steal the sum of N2, 750,000,000.00 (N2.75 billion) being the sum of money earmarked in the Bond Prospectus titled; «Ekiti State Government of Nigeria, Offer for Subscription of N20, 000,000,000 (N20 billion).
Fayemi and his Finance Commissioner were accused of misappropriating the sum of N4.9 billion being the proceeds of Ekiti State Bond for the sum of N20 billion earmarked in the Bond Prospectus for various projects in the State that were either not done or partly done.