Having a coupon rate of 11 percent, the tenure of the NCDs is for 3 years, 2 months and 30 days. The NCDs will mature on January 15, 2029.
Proceeds from the first 10-year NCD by a listed REIT to refinance debt
Adani Power board will consider a fundraising of up to Rs 5,000 crore via issue of NCDs, in its next meeting, along with Q2 FY25 financial results.
'The board has also constituted and authorised the Fund Raising Committee to take all necessary actions,' says Mankind Pharma
Adani Enterprises is offering eight series of NCDs carrying fixed coupons with a tenure of 24 months, 36 months and 60 months with annual, quarterly and at maturity interest options. Effective annual yield for NCDs ranges from 9.25 percent to 9.90 percent per annum.
On July 25, Adani Enterprises filed a draft prospectus with stock exchanges for raising Rs 600 crore through a public offer of non-convertible debentures. In May, the board of Adani Enterprises approved a proposal to raise up to Rs 16,600 crore through the QIP route.
MOFSL is offering eight series of NCDs carrying fixed coupons with a tenure of 24 months, 36 months, 60 months, and 120 months with annual, monthly and at-maturity interest payment options. Effective annual yield for NCDs ranges from 8.85 percent to 9.70 percent per annum.
The issue opened on April 10 and will close on April 25.
In a separate filing, the company said it has acquired 50 per cent of the paid-up equity capital and other securities/instruments of Siddhivinayak Realties Pvt Ltd under a share purchase agreement (SPA).
The issue opened for public subscription from Friday and will be open till January 25, the company said.
The NCDs offer coupons in the range of 8.21-9.66 percent per annum and are available in tenors of 18, 24, 36, and 60 months with monthly and annual interest payment options across eight series.
The committee of the board of directors at its meeting approved the allotment of 10,000 secured, unlisted, redeemable, rated non-convertible debentures having a face value of Rs 1,00,000 each aggregating to Rs 100 crore on a private placement basis to Axis Bank Limited, CESC said in a regulatory filing.
In a regulatory filing on September 21, DLF informed that the DLF Cyber City Developers Ltd (DCCDL) board has approved the allotment of debentures.
Vedanta had earlier said that the fundraising is a part of its routine refinancing that is undertaken in the ordinary course of business.
The company's board of directors will consider approving the issuance of NCDs on September 25.
The base size of the issue is Rs 100 crore with a green shoe option of Rs 300 crore; it will close on September 14.
Three rating agencies have accorded it AAA ranking. This is rare for an NCD issue. Retail investors with moderate risk appetite should subscribe to the issue.
The regulation is aimed at facilitating transparency in price discovery of non-convertible debt securities, providing better disclosures to investors and the market, and avoiding ISIN level confusion and possible mis-selling of unlisted bonds.
Corporate non-convertible debentures or NCDs offer a good option for those seeking regular income. If you have a medium-risk profile, these can be a good alternative to bank and corporate fixed deposits or FDs. Watch out for the credit rating though
Termed as the biggest transaction in India's corporate history, HDFC Bank on April 2022 agreed to take over the biggest domestic mortgage lender in a deal valued at about USD 40 billion, creating a financial services titan.
The NCD issue comes with a fair bit of credit risk as it is not rated AAA, which is the highest safety rating
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A press release form the company said the NCDs which were raised on Tuesday will be listed on BSE Limited.
"Committee of the Board at its meeting held today... approved the issue of 3,000 secured, unlisted, redeemable, rated NCDs having a face value of Rs 10 lakh each for cash at par aggregating to Rs 300 crore, on a private placement basis," a BSE filing stated.
The Tranche II issue has seen significant demand in the retail segment with a total collection of Rs 4,155.27 million, EFSL said in a statement.