Reliance Industries (RIL) has raised Rs 3,000 crore through a privately placed debenture issue. The unsecured, non-convertible redeemable debentures offered 8.95 percent return with a 10-year maturity. The notes shall be redeemed at par at the end of 10 years from the date of allotment — November 9, 2028. RIL is India’s largest private sector … Read more
Indian Bank has successfully raised further Rs 110 crore under Basel III Compliant Tier 2 Bonds on November 06, 2018, with a coupon rate of 8.85% p.a., tenor at 10 years and call option after completion of 5 years, on private placement basis. The rating agency, CRISIL assigned ‘AAA/Stable’ rating and CARE assigned ‘AAA’ rating … Read more
Dewan Housing Finance Corporation (DHFL) has raised funds worth Rs 1250 crore. The Members of the Finance Committee of the Board of Directors at their meeting held on November 2, 2018 allotted 12500 Secured, Redeemable, Non-Convertible Debentures (NCDs) of face value Rs 10 lakh each. DHFL is one of India’s premier housing finance companies and … Read more
CreditAccess Grameen has raised External Commercial Borrowing (ECB) of Rs 95 crore from International Finance Corporation (IFC) on October 31, 2018. This is the first ECB transaction after Listing of the company’s shares on BSE & NSE. CreditAccess Grameen is a leading Indian micro-finance institution headquartered in Bangalore, focused on providing micro-loans to women customers … Read more
PNB Housing Finance has successfully raised Rs 2,450 crore through Commercial Papers (CPs). This is in addition to Rs 1,775 crore raised earlier in October totalling to Rs 4,225 crore of CPs raised in October 2018. The CPs were placed with various Mutual Funds and Banks. PNB Housing Finance is a registered housing finance company … Read more
Shriram Transport Finance Company has raised funds worth Rs 300 crore through issuance of bonds. The issue comprises three tenor bonds of three, five and ten years, offering a coupon in the range 9.12% to 9.70%. Shriram Transport Finance Company is a flagship company of the Chennai-based Shriram group and is classified as deposit taking … Read more
Indian Bank has successfully raised funds worth Rs 290 crore under Basel III Compliant Tier 2 Bonds on October 30, 2018 with a coupon rate of 8.90% p.a., tenor at 10 years and call option after completion of 5 years, on private placement basis. The credit rating agency, CRISIL has assigned ‘AAA/Stable’ rating and CARE … Read more
