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POWERGRID InvIT Rs 5K cr IPO opens on April 29 ​ By IANS | ​ 7 Views Power demand. (File Photo: IANS). Image Source: IANS News Mumbai, April 26 : The initial public offering (IPO) of units of POWERGRID Infrastructure Investment Trust ("POWERGRID InvIT"), an InvIT set-up to own, construct, operate, maintain and invest in infrastructure and power transmission assets in India, will open on Thursday, April 29, 2021 at a price band of Rs 99 to Rs 100. The offer closes on Monday May 3, 2021. POWERGRID InvIT is issuing Units aggregating up to Rs 4,993.484 crore and the Selling Unitholder is of...

State-owned largest power transmission company Power Grid Corporation of India (PGCIL) launched its Infrastructure Investment Trust (InvIT), becoming the first public sector company to do so. After IndiGrid and IRB InvIT fund, Power Grid InvIT (PGInvIT) will be the third publicly listed InvIT in the country and second in the power transmission sector. PGInvIT has offered a price band of Rs 99-100 per unit for the public issue. The issue will open on April 29 and close on May 3. The InvIT will raise Rs 4,993.5 crore as fresh issuance and PGCIL is also providing an offer for sale of Rs 2,742...

By siliconindia  |  Monday, 26 April 2021, 09:14 Hrs Power Grid Corporation of India (PGCIL) has set up its Infrastructure Investment Trust (InvIT), and turns as the first public sector company to do so. PGInvIT has offered a price band of 99-100 per unit for the public issue. The issue would initiate from April 29 and terminate on May 3. The InvIT would now raise 4,993.5 crore as a fresh issuance and PGCIL is also providing an offer for sale of Rs 2,742 crore of existing units. PGCIL has offered five ‘initial portfolio assets’ at an enterprise val...

Freddie Mac Prices $1.4 Billion Multifamily K-Deal, K-128 MCLEAN, Va., April 22, 2021 (GLOBE NEWSWIRE) — Freddie Mac (OTCQB: FMCC) recently priced a new offering of Structured Pass-Through Certificates (K Certificates), which are backed by underlying collateral consisting of fixed-rate multifamily mortgages with predominantly 10-year terms. The company expects to issue approximately $1.4 billion in K Certificates (K-128 Certificates), which are expected to settle on or about April 29, 2021. K-128 Pricing Co-Lead Managers and Joint Bookrunners: Morgan Stanley & Co. LLC and Cantor Fitzgerald ...

The K-1520 Certificates are backed by corresponding classes issued by the FREMF 2021-K1520 Mortgage Trust (K-1520 Trust) and guaranteed by Freddie Mac. The K-1520 Trust will also issue certificates consisting of the Class X2-A, Class X2-B, Class C and Class R Certificates, which will not be guaranteed by Freddie Mac and will not back any class of K-1520 Certificates. Freddie Mac Multifamily is a leading issuer of agency-guaranteed structured multifamily securities. K-Deals are part of the company's business strategy to transfer a portion of the risk of losses away from taxpayers and to privat...