Reliance Jio Infocomm Limited (RJIL) has raised Rs 25 billion in corporate bonds from Axis Bank over a term of five years at an interest rate of 8 per cent. The proceeds have been earmarked […]
Bharti Airtel has received approval from its board to raise up to Rs 165 billion for refinancing debt and paying for spectrum liabilities. The company’s board approved the issuance of non-convertible debentures (NCDs) of up […]
The Ministry of Road Transport and Highways (MoRTH) plans to raise Rs 1 trillion through off-budgetary sources in 2018-19 to fund Bharatmala. The amount will be raised through NHAI bonds, institutional financing from LIC, the […]
The National Highways Authority of India (NHAI) plans to raise Rs 85 billion from the Life Insurance Corporation [LIC] of India and Rs 100 billion from the National Small Savings Fund (NSSF) to finance the […]
Atria Power Corporation Limited, a Bengaluru-based renewable power producer, is planning to sell dollar bonds worth $500 million. The company has hired investment banks, including Barclays Plc, JPMorgan Chase and Company, and Swiss investment bank […]
Bharti Airtel has decided to raise about Rs 30 billion through the issue of listed, unsecured, rated, redeemable, non-convertible debentures through private placement. According to the company, the funds will be utilised to finance the […]
The National Highways Authority of India (NHAI) is planning to issue taxable bonds to raise funds worth Rs 30 billion for financing road projects under the Bharatmala Pariyojana. The proposal for the same has been submitted […]
According to reports, Bharat Petro Resources Limited (BPRL) plans to raise about $200 million through a comfort letter from Standard Chartered Bank and DBS Bank to fund the acquisition of a 3 per cent share […]
ReNew Power Ventures Private Limited has raised Rs 22.35 billion via non-convertible debentures (NCDs) for the repayment of its existing loans. The issuance has been undertaken in two parts – credit enhanced NCDs worth Rs […]
The board of IL&FS Transportation Networks Limited has given its nod for the issuance of masala bonds worth up to Rs 20 billion besides dollar-denominated bonds of up to $500 million. The proceeds of the […]
The Rural Electrification Corporation (REC) has raised $400 million by issuing dollar bonds on the London Stock Exchange. The bond issue has been priced at 115 basis points over the three-year US Treasury rate and […]
Jorabat Shillong Expressway Limited, a joint venture (JV) between IL&FS Transportation Network Limited and Ramky Infrastructure, has refinanced senior and subordinated debt by issuing NCDs worth Rs 8.83 billion. The JV is undertaking the four-laning […]
The National Highways Authority of India (NHAI) plans to launch its first retail bond issue in February 2018. It aims to raise around Rs 50 billion by tapping the retirement savings of senior citizens. The […]
ReNew Power Ventures Private Limited has raised Rs 22.35 billion via non-convertible debentures (NCDs) for the repayment of its existing loans. The issuance has been undertaken in two parts – credit enhanced NCDs worth Rs […]
The Greater Hyderabad Municipal Corporation (GHMC) plans to raise Rs 10 billion through the issuance of bonds for funding the Strategic Road Development Plan (SRDP). The Telangana government has approved GHMC’s proposal to raise funds […]
NHAI has borrowed Rs 50 billion from the Employees’ Provident Fund Organisation by selling long-tenor bonds to finance the government’s Bharatmala programme. NHAI has sold corporate bonds with a coupon rate of 7.64 per cent […]
GMR Hyderabad International Airport Limited (GHIAL) is planning to raise $350 million (about Rs 22.76 billion) in the international bond market. This is the third consecutive US dollar bond offering by the GMR Group. GHIAL […]
Tata Teleservices (Maharashtra) Limited’s (TTML) board of directors has cleared a proposal for raising up to Rs 200 billion either through an issue of preference shares to promoters or via debentures. The move comes close […]
The Greenko Group has raised Rs 30 billion from 10-year rupee-denominated bonds through 10 special purpose vehicles. The bonds offer a semi-annual interest rate of 8.75 per cent and will be used to develop a […]
Power Grid Corporation of India Limited is planning to raise Rs 30 billion through masala bonds by end-March 2018. The company has already approached the Reserve bank of India to seek approval for the same. […]
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