Edelweiss may offer high interest rates, but an AA- rating with negative outlook suggests very high risk. In the past, even AAA-rated issues have defaulted.
This is for issuers who cannot freely make board appointments
The decision to consider and approve the proposal for raising funds through the issuance of non-convertible debentures (NCDs) aggregating to Rs 3,000 crore would be taken in June 5 board meeting, SBI Card said in a regulatory filing.
This partnership aims to enable GoldenPi’s audience to invest in various fixed income instruments, including high-rated bonds and NCDs from trusted institutions at a starting price of just Rs 10,000
Vodafone Idea’s proposal to issue Rs 1,600 crore debentures to mobile tower vendor ATC Telecom Infrastructure has lapsed in the absence of any response from the government on the conversion of interest dues into equity.
"The company proposes to offer rated, unsecured, redeemable, non-cumulative, non-convertible debentures aggregating up to Rs 500 crore in one or more tranches and in this regard, is holding a meeting of its duly constituted Committee of the Directors on Friday," Vedanta said in a filing to BSE.
Northern Arc will use half the proceeds to serve MSMEs and women entrepreneurs, the debt firm said in a statement.
The board will also consider raising funds through a qualified institutional placement method, it added. HCL is a public sector undertaking under the administrative control of the Ministry of Mines.
The Capital Raising Committee of the company’s board approved a proposal for raising up to Rs 350 crore through issuance of 3,500 non-convertible debentures, HDFC Life said in a regulatory filing.
Vedanta Ltd on Saturday said a committee of directors has approved raising up to Rs 4,089 crore via debentures on a private placement basis.
The minimum ticket size or investment required is Rs 10 lakh in most cases
The report noted that growth in NBFCs’ balance sheets decelerated considerably in 2019-20.
In a regulatory filing, Manappuram Finance informed stock exchanges that the "financial resources and management committee of its board of directors has approved the issuance of the private placement of rated, secured, redeemable non-convertible debentures up to Rs 250 crore".
In this regard the company is planning to hold a meeting of its duly constituted committee of the board on May 5, it added.
The company has allotted 10,000 senior, secured, rated, listed, redeemable, non-convertible debentures of the face value of Rs 10 lakh each at par, according to a regulatory filing.
"Financial resources and management committee of the board of directors of the company held on February 07, 2020 approved the issuance and private placement of rated, secured, redeemable non-convertible debentures up to Rs 1,150 crore," Manappuram Finance said in a regulatory filing.
You may go for bonds of issuers with a combination of high credit rating (AAA / AA) and where you have the confidence on the standing of the business group.
Debt-ridden telecom firm Reliance Communications has skipped payment of debentures worth Rs 375 crore which was due on February 7.
This is the sixteenth tranche of NCDs of having a face value of Rs 10 lakh each, Indiabulls Housing Finance said in a BSE filing.
Indiabulls Housing Finance today said it has allotted non-convertible debentures (NCDs) worth Rs 1,000 crore on private placement basis.
The said bond having face value of Rs 10 lakh each for cash aggregating to Rs 1000 crore.
Public sector lender Punjab National Bank today raised Rs 250 crore by issuing Basel III compliant perpetual debt instruments in the nature of debentures.
Indian companies have so far raised funds close to Rs 29,000 crore by issuing non-convertible debentures (NCDs) to retail investors in the current fiscal to meet their business requirements.
Concerned over a large number of companies indulging in illegal money pooling activities, markets regulator Sebi today cautioned investors and general public against dealing with such entities -- 256 as per the latest update.
Telecom operator Idea Cellular today said it will raise Rs 2,000 crore through issuance of non-convertible debentures.