Ncd Issuance

Adani Enterprises to launch maiden public NCD issue worth Rs 800 crore

Adani Enterprises' first public issuance of secured, rated, listed, redeemable non-convertible debentures (NCDs) will be available for subscription from September 4-17

IREDA shares gain 4% after NCD fundraise gets oversubscribed by 2.65 times

Shares of Indian Renewable Energy Development Agency (IREDA) surged up to 4.2 per cent at Rs 187 per share in Monday's intraday trade

Piramal plans to raise Rs 1,000 cr from its maiden NCD opening on Thursday

Piramal Enterprises Limited on Wednesday said it plans to raise Rs 1,000 crore from maiden issuance of Non Convertible Debentures (NCDs) to fund business growth. The tranche I comprises the base issue size of Rs 200 crore and a green-shoe option of up to Rs 800 crore, aggregating up to Rs 1,000 crore, which is within the shelf limit of Rs 3,000 crore. The issue opens for subscription on October 19 and closes on November 2, 2023 with an option of early closure as per the Securities and Exchange Board of India norms. According to Jairam Sridharan, MD, Piramal Capital & Housing Finance Ltd, 60 per cent of issue is reserved for high net-worth individuals and retail investors. The secured, rated, listed, redeemable, non-convertible debentures of the face value of Rs 1,000 each is proposed to be listed on BSE and NSE, with BSE being the designated stock exchange for the issue. The minimum application size is Rs 10,000 and thereafter in multiples of Rs 1,000. The issue has ...

Embassy REIT raises Rs 1,050 crore through NCDs to refinance bank loans

Embassy Office Parks REIT expects to secure interest savings of approximately 138 basis points

Tata Power raises Rs 1,000 cr capital through non-convertible debentures

Tata Power on Thursday said it has raised Rs 1,000 crore through the issuance of non-convertible debentures on a private placement basis. In a regulatory filing, the company said it has allotted 10,000 unsecured, redeemable, taxable, listed, rated, Non-Convertible Debentures (NCDs) worth Rs 1,000 crore, on private placement basis. The maturity of Series I NCDs worth Rs 500 crore is scheduled on January 8, 2030 while the Series II NCDs worth Rs 500 crore would mature on December 29, 2032, it added. The NCDs would be listed on BSE.

GMR Hyderabad International Airport plans to raise Rs 1,250 crore via NCDs

GMR Hyderabad International Airport Ltd (GHIAL), which runs the aerodrome here, plans to raise Rs 1,250 crore through non-convertible debentures to be used for prepaying the USD bonds maturing in April 2024 or February 2026, rating agency India Ratings & Research has said. GHIAL (excluding subsidiaries) had a debt of Rs 7,050 crore as on September 30, 2022 which consisted of bonds of USD 950 million. The USD bonds have bullet maturities in April 2024, February 2026 and October 2027, the rating agency said. "The proposed INR 12,500 million (Rs 1,250 crore) NCDs will be entirely used for prepaying the bonds maturing in April 2024 or February 2026. Depending on the cash accruals, refinancing of the debt is likely to be required in April 2024," it said while assigning "IND AA/Stable" rating to the proposed bonds. The agency also assigned "IND AA/Stable" rating to GHIAL's proposed Rs 250 crore bank loan. GHIAL is undertaking expansion to improve the capacity of the airport to 34 ...

Muthoot Finance to raise Rs 300 cr via secured NCDs, issue size at Rs 75 cr

Proposed NCDs have AA+ rating from ICRA denoting 'high degree of safety'

NTPC board to consider proposal to raise Rs 12,000 cr via NCDs on Jul 29

State-owned power giant NTPC on Friday said its board will consider a proposal to raise up to Rs 12,000 crore through the issuance of non-convertible debentures (NCDs) on July 29.

Indiabulls Housing Finance jumps 4% on $165 mn FCCBs issue plan

On Tuesday, the company announced successful raising of Rs 807.83 crore by way of issuance of Non-Convertible Debentures

JM Financial Products to raise Rs 500 crore via first tranche of NCD issue

The issue will continue to help the company diversify borrowing and investor mix, says MD

Tata Tele Maharashtra shareholders approve fund raising of up to Rs 5000 cr

The company also sought shareholders nod to issue non-convertible debentures of up to Rs 2,500 crore on private placement basis

Ease information disclosure norms for privately placed NCDs: FIDC

At present SEBI rules require standalone financial information for at least last three years and auditor qualifications from the entity seeking to issue NCDs

Manappuram Finance gets board approval to raise up to Rs 150 cr via NCDs

The non-convertible debentures are to be listed on BSE

GMR Infra's arm raises Rs 2,000 cr through NCDs to retire existing debts

"We wish to submit that GMR Infrastructure Ltd has not raised any funds from Tata-GIC," the company said.

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 ...

Retail NCD issuance may touch record high

The total retail non-convertible debenture issuance this year could surpass their previous high of Rs 423.83 bn, witnessed in 2013-14