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The funds will be used to redeem bonds issued three years ago that have onerous clauses that could take the coupon rate on them to unusually high levels if the debtholders are not paid off by June, they said.
The company has scheduled a coupon payment on 5.5% unlisted senior secured bonds of ₹750 crore due on January 31, 2024. Under the revised terms, the bondholders have agreed to reschedule the coupon payment to March 31 at 12% which will be payable half-yearly, the people cited above said.
Shapoorji: The company has scheduled a coupon payment on 5.5% unlisted senior secured bonds of ₹750 crore due on January 31, 2024. Under the revised terms, the bondholders have agreed to reschedule the coupon payment to March 31 at 12% which will be payable half-yearly, the people cited above said.
Last December, a Tengah resident returned home from abroad to discover puddles of water on the floor, as well as water stains on the walls of her new flat. The leaks in her home at Plantation Grange were caused by a fault with the insulator in the centralised cooling system, she was told. Two months later, it appears that some...
National grid operator SP Group says it is working to resolve about 80 remaining cases of homes in Tengah that are having issues with the centralised cooling system. There have been several complaints about leakage as home owners prepare to move in. Tengah is touted as Singapore's first smart energy town which offers t