If completed, the deal would mark Bharti Telecom’s largest-ever rupee bond sale, according to data compiled by Bloomberg. The company last tapped the local debt market in November 2024, raising Rs 11,150 crore through a six-part issuance.
Vedanta has been no stranger to swings in its own bonds previously, after they were dragged down by plunging metals prices, domestic oil taxes and fears about how it could honour its debts.
Adani Green's units Adani Hybrid Energy Jaisalmer and Adani Solar Energy Jaisalmer are the co-issuers of the debt note. The group aims to use the proceeds of the bond issue note to repay foreign currency loans of the subsidiaries.
Bonds would be issued under Adani Green and Adani Energy units and through SPV, Bloomberg said. Moneycontrol had reported in February that the group has planned roadshows to bolster investor confidence ahead of the bond issue.
Mumbai, Jul 24 Non-bank lender Piramal Capital has raised USD 300 million in its maiden overseas bond issuance as part of its liability diversificatio..
The coupon rate of SBI's sixth bond issue was 7.36 percent, for a tenor of 15 years. The funds raised through the bond issue will be used to fund infrastructure and affordable housing, SBI said.
The funds were raised by 920 institutions and corporates, encompassing both listed and unlisted deals with a tenor and put/call option exceeding 365 days.
The board will hold a meeting, the date for which is yet to be announced, to take up the proposal, RBL Bank, which reported a 43% YoY jump in net profit in the June quarter, said
Companies like Five Star Business Finance, Belstar Microfinance and Asirvad Micro Finance are unlikely to come up with a bond issue at least in April to avoid borrowing at higher rates, sources said.
The money will be used to repay loans of Adani Ports and its subsidiaries. The move comes after the company board approved off-shore bond capital raise of up to $1.25 billion.
Shriram Transport Finance Company (STFC) said it has "successfully priced a USD 500 million fixed rate senior secured 144A/Reg S bond for a 3.5 year tenor at 5.100 per cent".
The base issue size for secured redeemable non-convertible debentures is Rs 250 crore with an option to retain subscription up to Rs 230 crore, aggregating to a total of Rs 480 crore, Muthoot Fincrop said in a release on Wednesday.
The funds will be used to refinance existing loans and for some other corporate needs, said a senior executive from the industry.
The bonds, sold in two tranches, were issued through Vedanata's subsidiary Vedanta Resources Finance II plc and it attracted interest from global investors across Europe, North America and Asia, the company said.
The bank had initially launched the deal at 150 basis points over the treasury yield, which helped the bank to achieve a final pricing of 130 basis points over equivalent 5 year U.S treasury yield
The resolution to approve issue and allotment of Non-Convertible Debentures and other debt securities on private placement basis was approved by the shareholders in annual general meeting held today, the company said.
The 5.5 year fixed rate notes were issued by the bank's branch in Dubai International Finance Centre (DIFC) and carry a coupon of 3.25 per cent, it said in a statement.
Hindustan Petroleum Vizag refinery's capacity will be expanded to 15 million tonnes per annum from the existing 8.33 mtpa. The company will also commence a fuel quality upgradation plan to Bharat stage VI.
Eliciting robust response from investors, Reliance Jio Infocomm on July 7 received bids worth over Rs 3,700 crore for its Rs 2,000-crore bond issue on BSE's new platform
The company is expected to begin the roadshow for its bond issue in December 2015 and likely to launch it by March 2016.
The company is also looking to raise USD 1.5 billion via a bond issue in December.
"Indian Overseas Bank has launched an issue of unsecured, non-convertible, additional Tier-I, basel III compliant perpetual bonds to the extent of Rs 1,000 crore, including an option of Rs 300 crore to augment additional Tier-I capital", the Chennai-based bank said in a statement.
JSPL says the company has always engaged in raising money through appropriate instruments. It has not appointed any investment banker for the proposed bond issue.
The company has priced the 5.5-year benchmark senior unsecured notes of USD 500 million at 4.625 percent, while the coupon for the 10-year USD 250 million notes is fixed at 5.750 percent per annum.
National Housing Bank is wholly owned by Reserve Bank of India. The primary objective of NHB is to promote financial institutions which are in housing sector and support them.