Ncds

Biggest corporate bond deal: HDFC raises Rs 25,000 crore via NCDs

ICICI, Axis, HDFC Bank, ICICI Securities Primary Dealership arranged the deal

Aditya Birla Fashion and Retail proposes to raise Rs 500 crore through NCDs

Aditya Birla Fashion and Retail Ltd (ABFRL) plans to raise Rs 500 crore through issuance of bonds on private placement basis. "The company proposed to raise funds by issuing 5,000 listed, unsecured, rated, redeemable non-convertible debentures (NCDs) of a face value of Rs 10 lakh each, issued at par aggregating to Rs 500 crore on private placement basis, on or after January 13, 2023," the Aditya Birla group firm said in a regulatory filing on Friday. This is within the limits approved by the board and shareholders of the company, it added. ABFRL, part of the USD 60 billion global conglomerate, Aditya Birla Group is India's largest multi-brand retailer of International global brands such as Ralph Lauren, Hackett, Ted Baker, Fred Perry, Forever 21, American Eagle and Reebok. The company portfolio also includes fashion brands -- Louis Philippe, Van Heusen, Allen Solly and Peter England -- and fashion retailer Pantaloons.

IIFL Finance to raise funds via public issue of non-convertible debentures

The issue, which also has a greenshoe option to retain an oversubscription of 9 billion rupees, will open for subscription on Friday and close on Jan. 18

Muthoot Finance to raise Rs 300 crore through secured redeemable NCDs

The issue offers an attractive rate of return of 7.75% to 8.25% to retail and HNI investors

Future Enterprises defaults on Rs 1.07 crore interest payment for NCDs

Debt-ridden Future Enterprises Ltd (FEL) on Thursday said it has defaulted on payment of interest on non-convertible debentures of Rs 1.07 crore. "The company is unable to service its obligations in respect of the interest on Non-Convertible Debentures was due on November 16, 2022," it said in a regulatory filing. The debentures have a coupon rate of 9.28 per cent and FEL has defaulted on interest payments for the period from May 17, 2022, to November 15, 2022. The total amount of securities issued was Rs 23 crore and a default has occurred on this gross principal amount. The debt-ridden Future Group has been facing three petitions filed by its operational creditors before the National Company Law Tribunal (NCLT) to initiate insolvency proceedings against the company. Lenders of FEL have also appointed an auditor for conducting a forensic audit of the firm. FEL had recently defaulted on payment of interest on several Non-Convertible Debentures (NCDs). It is engaged in the busines

National Highways Infrastructure Trust issues Rs 1,500-crore NCDs

Minister Gadkari had said will tap public funds for highways

Diabetes burden: India lost 45 years of healthy life per person in 2021

By 2040, Type 1 diabetes cases to increase by 116% in India, says Lancet study

Indiabulls Housing Finance to raise Rs 1,000 cr via public issue of bonds

The Issue will open for subscription on Monday, September 5 and closes on September 22

Future Enterprises defaults on Rs 12.68 crore interest payment for NCDs

Debt-ridden Future Enterprises Ltd (FEL) said it has defaulted on payments of interest of two non-convertible debentures totalling Rs 12.68 crore. The due date for payment was August 17, 2022, FEL said in a regulatory filing. "The company is unable to service its obligations in respect of the interest on Non-Convertible Debentures (NCDs) due on August 17, 2022," it said on Thursday. The debentures are secured with a coupon rate of 9.60 per cent per annum. The interest amount was payable for the period between February 16 and August 17, 2022, it said. The amount of securities issued was Rs 106 crore and Rs 159 crore, totalling Rs 265 crore. Earlier this week FEL informed exchanges that an operational creditor of the company has filed a plea before the National Company Law Tribunal to initiate insolvency proceedings against the firm. The Future group firm has missed the interest payment of several NCDs in the last three months. FEL was part of the 19 Future group companies operat

Kesoram Industries to raise high-cost funds via FDs; to offer 12.25% rate

To offer 12.25% rate; plans to use proceeds for working capital, pare debt

Piramal Enterprises gets board nod to raise up to Rs 700 cr through bonds

The committee in its meeting held on Wednesday approved the issuance of the NCDs on private placement basis, Piramal Enterprises said in a regulatory filing

Edelweiss Housing Finance raises Rs 276 cr through a public issue of bonds

The issue met a significant demand from the retail segment, with total collections of Rs 173.93 crore. The issue also saw good interest from corporates and other investors

Future Enterprises defaults on Rs 29.33 cr interest payment for NCDs

Debt-ridden Future Enterprises Ltd (FEL) on Tuesday said it has defaulted on payment of Rs 29.33 crore as interest on non-convertible debentures (NCDs). The due date for payment was April 18, 2022, it said in a regulatory filing. This is the third default by the Kishore Biyani-led Future group firm this month. On April 12, FEL had informed the exchanges about default on payment of Rs 9.10 crore interest on NCDs and Rs 1.22 crore on April 15. The latest default is on the interest of securities issued for a sum of Rs 300 crore. FEL has defaulted on interest for the period between April 17, 2021 to April 17, 2022, it said. The debentures are secured and have a coupon rate of 9.75 per cent per annum. Earlier this month, FEL had announced a default of Rs 2,835.65 crore towards its consortium of banks. The due date was March 31, 2022. FEL has defaulted on several payments in the last two months. In March, it had defaulted twice -- for Rs 19.16 crore and Rs 93.99 crore owed to banks.

Torrent Power raises Rs 600 crore via non-convertible debentures

The issue is proposed to be listed on the Wholesale Debt Market Segment of the National Stock Exchange of India Ltd

Tata Capital, arm to raise Rs 1,500 cr via NCDs to build lending biz

TCL to raise Rs 1,000 cr; TCFS to raise Rs 500 cr

IIFCL invests in infra project bonds, issues NCDs worth Rs 325 cr

This marks IIFCL's first transaction under this initiative, the company said in a statement on Sunday. The NCDs are of a tenor of 10 years.

Alternative credit platform BlackSoil raises Rs 70 cr through NCDs for NBFC

BlackSoil Capital is an RBI-registered, non-deposit taking NBFC that predominantly operates in the venture debt space

Vedanta says directors' panel approves raising up to Rs 1,000 cr via NCDs

Vedanta Ltd on Monday said a committee of directors has approved raising up to Rs 1,000 crore through non-convertible debentures (NCDs) on private placement basis. The meeting was held on Monday, Vedanta said in a filing to BSE. "The duly authorised committee of directors at its meeting ...considered and approved offering for subscription, on a private placement basis, up to 10,000 nos secured, rated, listed, redeemable, NCDs....aggregating up to Rs 1,000 crore," the filing said. Vedanta, a subsidiary of Vedanta Resources Ltd, is one of the world's leading oil & gas and metals company with significant operations in oil & gas, zinc, lead, silver, copper, iron ore, steel, and aluminium and power across India, South Africa and Namibia.

Adani Ports & SEZ raises Rs 1,000 crore through non-convertible debentures

The company has raised Rs 1,000 crores today by allotment of 10,000 rated, listed, secured, redeemable, NCDs of the face value of Rs 10,00,000/- each on private placement basis

Media & entertainment space gets new PE fund; IMEF raises Rs 500 crore

Sources in the know said that the fund is expected to close its first deal in the next 90 days