Page 3 - Non-convertible Debentures

DLF rental arm raises Rs 1,000 crore through debentures

The NCDs will be listed on the Wholesale Debt Market of BSE

Sebi issues revised formats for issuers of non-convertible securities

Markets regulator Sebi on Thursday came out with revised formats for limited review and audit reports to be submitted by entities that have listed their non-convertible securities

'AA'-rated NCDs: Risky to focus just on returns, say analysts

Limit exposure to 5-15% of debt portfolio, avoid investing for very long tenures

Godrej Industries raises Rs 750 crore through non-convertible debentures

Godrej Industries Ltd on Tuesday said it has raised Rs 750 crore through private placement of non-convertible debentures. The management committee of the board of directors of the company has on September 28 approved the allotment of 7,500 rated, listed, unsecured, redeemable, non-convertible debentures having face value of Rs 10 lakh aggregating to Rs 750 Crore to an identified investor, Godrej Industries Ltd said in a regulatory filing. The company, which is a holding company of the Godrej Group, however, did not disclose the identity of the investor. The proceeds of the issue are proposed to be used for business purposes, investments, repayment or prepayment of certain loans and for general corporate purposes, it added. The NCDs, which will be listed on the National Stock Exchange of India, will have a tenure of 7 years with a redemption date slated for September 28, 2028, it added. Carrying a coupon rate of 7.58 per cent per annum, payable annually, the NCDs will be redeemed

CESC board approves plan to raise Rs 400cr via non-convertible debentures

RP Sanjiv Goenka group's flagship company CESC Ltd on Tuesday said its board has approved a plan to raise Rs 400 crore through unsecured non-convertible debentures (NCDs) on a private placement basis

Godrej Industries' Board approves plan to raise Rs 750 cr via NCDs

Godrej Industries on Tuesday said its board has approved a proposal to raise Rs 750 crore by issuing non-convertible debentures (NCDs).

Embassy REIT to raise up to Rs 300 cr via non-convertible debentures

Embassy Office Parks REIT will raise up to Rs 300 crore through issue of non-convertible debentures. The company did not disclose where the funds will be utilised. In a regulatory filing, the company informed that the board of Embassy Office Parks Management Services Pvt Ltd, the manager to Embassy Office Parks REIT, had in November last year approved the raising of debt, including the issue of non-convertible debentures, for an aggregate amount up to Rs 3,641.1 crore in one or more tranches. Out of this, Rs 2,600 crore was raised earlier as REIT NCD Series-III. On Thursday, the debenture committee of the board of directors of the manager, has approved the further issuance of 3,000 listed, rated, secured, redeemable, transferable, rupee denominated non-convertible debentures of face value of Rs 10,00,000 each, aggregating up to Rs 300 crore by Embassy REIT on a private placement basis. In January this year, Embassy REIT had raised Rs 2,600 crore through issue of non-convertible ..

Nayara Energy raises Rs 2,285 cr via NCDs, issue sold out twice over

Proceeds of the issue will be utilised for refinancing of existing debt, routine capex and general corporate purpose

Chemplast Sanmar IPO to open on Aug 10; price band fixed at Rs 530-541

The company aims to raise Rs 3,850 crore through the IPO, which will include Rs 1,300 crore fresh issue and offer for sale up to Rs 2,550 crore by promoters

Piramal Enterprises to raise up to Rs 1,000 cr through debentures

Piramal Enterprises on Monday said it will raise up to Rs 1,000 crore through issuance of non-convertible debentures (NCDs) on private placement basis.

Tata Power arm CGPL raises Rs 570 cr via non-convertible debentures

Tata Power on Thursday said its wholly-owned subsidiary CGPL has raised Rs 570 crore through issuance of non-convertible debentures (NCDs). "Coastal Gujarat Power Limited (CGPL)... has successfully issued and allotted unsecured, rated, listed, taxable, guaranteed, redeemable NCDs for an amount of Rs 570 crore on private placement basis issued for a tenor of 3 years," Tata Power said in a BSE filing. The proceeds of the NCDs will be utilised by CGPL towards refinancing of its existing debt, capital expenditure and augmentation of working capital, it said. The proceeds will not be used for any purpose for which bank finance is not permitted by the RBI including investments in capital markets, real estate and on-lending, it added. The NCDs have been rated IND AA(CE)/Stable by India Ratings & Research and will carry a coupon rate of 5.70 per cent, payable annually, the filing said. The debt obligations of CGPL under the NCDs are guaranteed by the company.

Patanjali Ayurved raises Rs 175 cr through non-convertible debentures

Baba Ramdev-led Patanjali Ayurved on Tuesday said it has raised Rs 175 crore by issuing non-convertible debentures (NCDs).

Tata Power board okays raising up to Rs 5,500 crore through NCDs

The NCDs can be issued on private placement basis to any persons, entities, companies, banks and financial institutions.

Future Enterprises defaults on non-convertible debentures' interest payment

Future Enterprises Ltd (FEL) has defaulted on payment of interest on non-convertible debentures (NCDs)

Realty firm DLF raises Rs 500 crore through NCD issue to investors

The tenure of the NCDs is three years and the coupon rate is 8.25%. The NCDs will be listed on the BSE

India Grid to raise Rs 2,500 cr via NCD to recast debt, acquisitions

The major shareholders in IndiGrid are KKR & Co. Inc and its affiliates (23 per cent) and Singapore's GIC and its affiliates (20 per cent)

Chemicals major Sanmar plans to raise equity to repay restructure debt

Despite the pandemic disruptions, based on provisional IFRS estimates, for the year ended December 31, 2020, Sanmar chemicals' revenue was flat at around $700 million

Cos garner Rs 9,100 cr through public issuance of NCDs in Apr-Jan period

As many as eight firms raised over Rs 9,100 crore through retail issuance of non-convertible debentures in the first ten months of the ongoing fiscal

Mortgage lender HDFC to raise up to Rs 5,000 crore through bonds

The firm will issue non convertible debentures (NCDs) on a private placement basis

Ind-Ra revises PNB Housing Finance's NCDs to negative

India Ratings and Research (Ind-Ra) has revised the outlook on PNB Housing Finance's (PNBHF's) non-convertible debentures