Ncd Issue News Today

The secured NCDs have been assigned A rating with a Stable outlook by Crisil Ratings. The issue will come with tenors of 18, 27, and 36 months and offer effective yields of 10.47-11.19% per annum.

The NBFC is offering NCDs with four tenure options of two years, three years, five years and 10 years with yields ranging from 9-9.34 percent per annum.

Proceeds of the paper will be used to repay the existing senior debt of ₹1,520 crore, repay the external subordinated debt of ₹227 crore, repay the group-level debt of ₹269 crore and fund capex, according to an indicative term sheet seen by ET.

In FY23, the company’s consolidated revenue from operations stood at ₹77,568.30 crore against ₹76,261.66 crore a year ago, on the back of increase in interest income on loans and other operating income. Consolidated net profit was at ₹21,178.59 crore as against ₹18,768.21 crore last year.

The proceeds will be used to pare debt and for general corporate purposes, the company informed the exchanges through a filing on Wednesday

Power utility CESC on Tuesday said its board has approved a proposal to raise Rs 300 crore through issuance of non-convertible debentures (NCDs). "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

These Invit allocations are part of the Rs 6-lakh-crore national asset monetization plan of the Centre and the National Highways Authority will be the biggest contributor to this with 27 per cent of the total share.