Corporate Debt Restructuring

Inevitability of defaults: Promoters gripe over loans being sold to ARCs

'Once the moratorium is lifted, we expect several companies to default. The bank will have no other option but to either restructure the loan or sell it to ARCs,' says a banker

Suzlon board okays proposals to restructure outstanding debt, bonds dues

A company official said the company's outstanding debt is close to Rs 12,500 crore, while due bonds are worth USD 172 million

Banks to add Rs 770 cr to their Q4 bottomline with JSL exit from CDR

Earlier this month, JSL announced its exit from CDR framework. The company received a letter from the consortium of CDR lenders to this effect on March 4.

Jindal Stainless exits CDR framework, will now focus on cost optimisation

CDR lenders get full recompense of Rs 275 cr; JSL also fully redeems Optionally Convertible Redeemable Preference Shares, paying Rs 558 cr

Realtors expect debt restructuring up to Rs 1 trn, tax sops for homebuyers

He said loans up to Rs 1 trillion are required to be restructured in view of liquidity crunch faced by builders

Rattan India Amravati finds saviour in Goldman Sachs, Varde Partners

This also includes 15 per cent equity each in the project. The new lenders have used the Aditya Birla Asset Reconstruction Company platform for the deal

L&T Finance launches Rs 1,500-cr NCD issue for restructuring of debt

Non-banking lender L&T Finance is raising up to Rs 1,500 crore through a bond sale, the proceeds of which will be used for on-lending and refinancing of existing debt. The base size of the issue is Rs 500 crore, with an option to retain over-subscription of up to Rs 1,000 crore, the company said on Wednesday. This is the first tranche, the company is offering three NCD issues with 36 months, 60 months and 84 months tenors offering coupon rate of 8.25-8.65 percent per annum. "The proceeds from the issue will be utilized for onward lending, financing, refinancing our existing debt and for general corporate purposes," the company said. The bonds, bearing a fixed rate of interest, are being offered under six different series and four categories of investors -- institutional investors, non- institutional investors, high net-worth individuals and retail individual investors. The issue opens on December 16 and closes on 30 and will be listed on the BSE and NSE. Lead ...

India leads Asian peers in risky corporate debt; interest payouts up 15%

A large part of India's corporate debt has turned risky in the last decade, according to a recent McKinsey report

Sharper loan tracking heat on defaulters

Bankers mull integrating corporate debt restructuring, JLF