TRW Automotive Holdings Corp. (TRW) announced that its subsidiary, TRW Automotive Inc., has completed private offering of 3.50% exchangeable senior notes due 2015. The company stated that the underwriters fully exercised their option to purchase additional notes to cover over-allotments, resulting in a total sale of $259 million in aggregate principal amount of Notes. The company estimates that the net proceeds from the offering will be approximately $251 million after deducting initial purchasers' discounts and estimated offering expenses.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.