SPML Infra implements stressed assets scheme to recast Rs 545 cr debt

Total debt stands at Rs 1,117 cr; Recast amount to be converted into 10-year OCDs, with YTM of 8.15%

SPML Infra Limited on Thursday said it has implemented the Sustainable Structuring of Stressed Assets (S4A) scheme to recast existing Rs. 545.85 crore debt.

Of the total debt of Rs 1,117 crore, a sum of Rs 545.85 crore is being converted into Optionally Convertible Debentures (OCDs) with a tenure of 10 years carrying a coupon at the rate of 0.01 per cent with a yield to maturity (YTM) of 8.15 per cent.

However, in the first five years, only the coupon will be paid and the payment of the effective YTM for the said first five years will commence from the sixth