The State Bank of India (SBI) is likely to consider raising funds through additional tier-1 (AT-1) bonds by end December 2023 to augment its capital base. The fund-raise may be in the range of Rs […]
Farallon Capital has provided a Rs 6.29 billion debt facility to Edelweiss Asset Reconstruction Company (ARC) for 18 months at 14.5 per cent. The proceeds will be used to acquire security receipts and meet other […]
The centre is currently exploring the possibility of issuing sovereign masala bonds worth Rs 250 billion at GIFT City in Gandhinagar to attract foreign portfolio investors and raise funds at a lower interest rate. The […]
Reliance Industries Limited (RIL) plans to raise up to Rs 200 billion in its largest ever domestic bond sale, marking the biggest such domestic issuance by a non-banking, financial services and insurance private entity in […]
ICICI Bank and Canara Bank are likely to foray into the debt market in 2023-24 and are in talks with investors to sell 10-year infrastructure bonds worth Rs 90 billion. ICICI bank is looking to […]
REC Limited has entered into an agreement with Damodar Valley Corporation (DVC), under which REC will provide a loan of Rs 45.28 billion to DVC for setting up a 1,320 MW thermal power project (2×660 […]
Kotak Strategic Situations India Fund II (KSSF II) and Kotak Private Credit Fund (KPCF), managed by Kotak Investment Advisors Limited (KIAL), has announced its investment of Rs 7.32 billion in the non-convertible debentures (NCDs) of […]
The National Bank for Financing Infrastructure and Development (NaBFID) has listed its maiden bonds on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) and raised about Rs 100 billion via the issuance […]
The International Finance Corporation (IFC) announced a $50 million investment in a sustainability-linked bond (SLB) issued by Tata Cleantech Capital (TCCL). The funding will assist in diversifying the company’s borrowing profile in the fight against […]
Tata Power Delhi Distribution Limited (TPDDL) has inked a deal with the Asian Development Bank (ADB) to raise Rs 1.5 billion through non-convertible debentures (NCDs) to improve Delhi’s power distribution through grid modifications. Aside from […]
NTPC Limited has decided to issue unsecured non-convertible debentures (NCDs) of Rs 30 billion on April 17, 2023, through a private placement at a coupon of 7.35 per cent per annum for a tenor of […]
The government has concluded the sale of sovereign green bonds worth Rs 160 billion, with the second tranche raising Rs 80 billion. The second tranche included Rs 40 billion in bonds with a five-year tenor […]
NHPC Limited has raised Rs 9.96 billion through the issuance of unsecured, redeemable, non-convertible, non-cumulative and taxable AD Series bonds on a private placement basis. The company allotted 7.59 per cent per annum bonds on […]
NSE Indices, a subsidiary of NSE, has launched India’s first sovereign green bond indices to track the performance of Indian sovereign green bonds issued recently by the government. The maturity dates for these indices, Nifty […]
Vodafone Idea Limited (Vi) has allotted 12,000 unsecured, unrated and unlisted optionally convertible debentures (OCDs) to the American Tower Corporation (ATC). The remaining 4,000 OCDs will be allotted after receiving the application form and subscription […]
The Power Grid Corporation of India (Powergrid) has announced that its committee of directors for bonds has approved the issuance of bonds with a base size of up to Rs 3 billion and a greenshoe […]
Vodafone Idea Limited’s (Vi) board has approved the issue of planned preferential optionally convertible debentures to the American Tower Corporation after the telco missed the deadline for the same. The issue comprises up to 16,000 […]
Mahanagar Telephone Nigam Limited has set a 7.78 per cent semi-annual coupon rate on its government-guaranteed bonds maturing in 10 years. The telco accepted bids worth Rs 16.18 billion for the bond issue, for which it […]
The Indore Municipal Corporation will be floating a green bond to raise Rs 2.45 billion for a 60 MW ground-mounted captive solar PV project in Khargone district, Madhya Pradesh. The bonds will have a base […]
Reliance Jio Infocomm Limited is planning to raise funds through the sale of commercial papers. The maturity period of the commercial papers will likely be two months. The company will offer a yield of 6.79 per […]
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