Page 3 - Ncds

Embassy REIT raises Rs 750 crore via non-convertible debentures

Embassy Office Parks REIT on Tuesday said it has raised Rs 750 crore by issuing debentures on private placement basis and will use the funds for completing ongoing commercial projects and recent acquisition. Embassy REIT is the country's first listed REIT (Real Estate Investment Trust) and the largest in Asia by area. It got listed in April last year after raising Rs 4,750 crore through public issue. In a filing to BSE, Embassy REIT said it has "successfully priced and allotted by way of a private placement, Rs 7.5 billionor Rs 750 crore of rupee-denominated, listed, rated, secured, redeemable, transferable non-convertible debentures (NCDs) at 6.70 per cent quarterly coupon". The NCDs will be listed on the Wholesale Debt Market of BSE. Following our successful Rs 7.5 billion fundraise in September 2020, we are pleased to announce another competitively priced debt raise by Embassy REIT," Michael Holland, CEO of Embassy REIT, said. This successful placement once again demonstrates t

IOC Board to consider raising up to Rs 20,000 cr via bonds, debentures

The borrowing would be carried out in one or more tranches, the company said in a regulatory filing on Thursday

ONGC, Indian Oil Corp raise Rs 3,140 cr in debt to meet business expenses

In separate regulatory filings, the two firms said they raised the debt through non-convertible debentures (NCDs)

Shriram Transport Finance raises Rs 100 cr via NCDs on pvt placement basis

The issue size was Rs 100 crore, and the tenure of the bonds is 560 days (18 months and 13 days)

CLP Wind Farms raises Rs 300 cr through non-convertible debentures

The company said the move will help sustain the expansion of its renewable energy portfolio in alignment with the company's vision to invest in low-carbon footprint businesses

Adani Enterprises raises Rs 125 cr through NCDs on private placement basis

The company said it has allotted 1,250 NCDs.

Hind Zinc may use NCD funds as dividends to help Vedanta delist: analysts

Firm raises Rs 3,520 cr despite firm being cash surplus; It cannot use the proceeds directly for parent company

Future Enterprises reports default on interest payments of NCDs again

FEL, which is having financial troubles, had last week also informed default on interest payment of another non-convertible debenture

Raymond to raise Rs 100 crore through non-convertible debentures

"The Committee of Directors approved the Issue of Non-Convertible Debentures (NCDs) of Rs 100 crore on private placement basis," the company said in a BSE filing

Hindustan Zinc to seek board approval to raise up to Rs 4,000 cr via NCDs

The company proposes to offer rated, unsecured, redeemable, non-cumulative, non-convertible debentures aggregating up to Rs 4,000 crores in one or more tranches, HZL said

Adani Ports & SEZ raises Rs 900 cr through NCDs on private placement basis

Adani Ports and Special Economic Zone (APSEZ) on Friday said it has raised Rs 900 crore through allotment of non-convertible debentures (NCDs) on a private placement basis

Motherson Sumi gets nod to raise up to Rs 3,000 cr through NCD issue

The move comes as the company is trying to stay afloat amid the Covid-19 disruptions the auto component sector has faced due to multiple lockdowns in the past few months

Future Group arm defaults on debt repayment of Rs 22 cr due September 5

In a regulatory filing, the company said it has been unable to service its obligations towards payment of principal redemption and interest due on September 5, 2020

5 companies garner Rs 882 cr via non-convertible debentures in April-July

As many as five companies have raised Rs 882 crore through retail issuance of non-convertible debentures (NCDs) in the first four months of the ongoing fiscal to strengthen their balance sheets

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

IIFL Finance raises Rs 100 crore through NCDs on private placement basis

IIFL Finance said the NCDs will be listed on the National Stock Exchange

Embassy Office Parks REIT to raise up to Rs 2,000 cr via issuance of NCDs

This will be the second fund raise by the listed REIT via the NCD route

Adani Ports & SEZ to raise up to Rs 3,000 cr via NCDs in multiple tranches

The company said its board has also given its consent for exploring and evaluating the proposal to create a platform, which will hold rail infra assets and investments in rail entities

Kesoram board okays fund raising up to Rs 2,000 cr to replace existing debt

The funds could be raised by way of equity, or debt including NCDs, preference shares and also rights issue or preferential allotment or a combination

Bharat Forge board approves proposal to raise Rs 500 crore via NCDs

The company's board has discussed and approved the issuance of 5,000 listed, rated, unsecured, redeemable, NCDs of face value Rs 10 lakh each