Ncd Issue

Adani Power to consider doubling NCD issue, seek nod for Rs 5,000 crore QIP

The Board of the company will meet on Wednesday, January 29, to consider these proposals.

SBI Cards to raise Rs 5,000 crore via NCDs; board OKs private placement of securities

SBI Cards and Payment Services has got the board nod to issue NCDs worth Rs 5,000 crore on private placement basis in one or more tranches.

PNB Housing Finance shares gain on board approval to raise Rs 2,500 crore via NCDs

PNB Housing Finance shares have delivered multibagger returns of 105.28 percent in the last three years, as per data available on the BSE.

IIFL raises Rs 900 crore through NCD issue

The company had launched NCD issue aggregating up to Rs 525 crore, with an option to retain over-subscription up to Rs 525 crore, aggregating to a total of up to Rs 1,050 crore on September 17.

CRISIL assigns 'AAA/Stable' rating to L&T's NCD issue

CRISIL Ratings has assigned its 'CRISIL AAA/Stable' rating to Larsen & Toubro's (L&T's) Rs.1,000 million inflation linked capital indexed non-convertible debenture issue. CRISIL has also reaffirmed its ratings on L&T's existing debt instruments and bank facilities at 'CRISIL AAA/FAAA/Stable/CRISILA1+'.

Thomas Cook to raise upto Rs 200cr via NCD; stk up 3%

Thomas Cook (India) will raise up to Rs 200 crore via NCD issue, reports CNBC-TV18. At 09:29 hrs Thomas Cook (India) was quoting at Rs 62.20, up Rs 2.20, or 3.67%.

Brickwork assigns 'BWR AA' rating to Magma`s NCD issues

Brickwork Ratings (BWR) has assigned the rating of 'BWR AA' (Outlook stable) for the proposed unsecured subordinated NCD issue of Rs 55 crores of Magma Fincorp Ltd and reaffirmed the ratings for the other issues of the company.

Brickwork reaffirms 'BWR AA-' rating to Trent`s NCD issue

Brickwork Ratings (BWR) has reaffirmed BWR AA- rating for Trent Ltd‘s (Trent) INR 75 Crore unsecured NCD Issue. Instruments with this rating are considered to have high degree of safety regarding timely servicing of financial obligations. Such instruments carry very low credit risk.

Brickwork assigns 'AA' rating to First Leasing`s NCD issue

Brickwork Ratings (BWR) has assigned a rating grade of BWR AA with Stable outlook for First Leasing Company of India Ltd‘s (FLCI) proposed Unsecured Subordinated Non-Convertible Debenture Issue of Rs 75 Cr. Instruments with this rating are considered to have a high degree of safety regarding the timely servicing of financial obligations.

Brickwork assigns 'AA' rating to Magma Fincorp`s NCD issue

Brickwork Ratings has assigned "BWR AA" for unsecured subordinated NCD issue of Rs 60 crores and reaffirmed the other outstanding ratings of Magma Fincorp Limited. As per the rating agency the performance of the company would be stable over the next year.

Brickwork assigns A-(SO) rating to Puravankara`s NCD Issue

Brickwork Ratings (BWR) has assigned BWR A-(SO) rating to proposed secured NCD issue of Rs 150 Cr with a tenor of 36 months of Puravankara Projects Ltd.

Brickwork assigns AA rating to SREI Infra`s debenture issue

Brickwork Ratings has assigned 'BWR AA' for SREI Infrastructure Finance Limited’s proposed unsecured subordinated debenture (Tier II) issue of Rs 250 crores and NCD issue of Rs 500 crores.

L&T infra bonds: Good long term investment opportunity

Nirmal Bang has come out with its report on infra bonds issue of L&T Infrastructure Finance Company.

NBFCs in fierce competition to raise public funds via NCDs

The competition gets tougher for non-banking finance companies or NBFCs, tapping public money to meet their funds requirement through non-convertible debenture issues.

Muthoot Finance to spend Rs 80 cr for expansion

Muthoot Finance today said it has embarked on a major expansion drive and would invest Rs 80 crore for opening of 800 new branches across the country in the current fiscal.

Muthoot Finance Q1 net doubles, to cut loans from banks

Gold loan provider – Muthoot Finance’s first quarter net profit surged more than two-folds or 125% year-on-year to Rs 190 crore on the back of a robust loan book growth. The mortgage lender’s total gold loan book almost doubled to Rs 17,803 crore compared with Rs 9,040 crore a year ago.

Credit substitutes: Yes Bank's new plan for asset expansion

Private sector lender Yes Bank is focusing on credit substitutes, a form of lending wherein the bank subscribes to non-convertible debenture or corporate bond issues of rated companies. The bank has subscribed 50% to Tata Power's Rs 1,500 crore private placements through NCD issue in June.