IFCI raises Rs 790 cr in second tranche of NCD issue
10 years, 2 months ago

IFCI raises Rs 790 cr in second tranche of NCD issue

Firstpost  

New Delhi: State-owned term lender IFCI is looking at raising over Rs 790 crore in the second round of non-convertible debentures which opened on 1 January. “IFCI is proposing a public issue of secured redeemable non-convertible debentures of face value of Rs 1,000 each amounting to Rs 250 crore with an option to retain over-subscription aggregating up to the Residual Shelf Limit of Rs 790.81 crore,” the company said. NCDs with a tenure of 5 years, with annual coupon payout option, will carry coupon rate of 9.35 per cent per annum for all categories of investors. It will carry additional incentive of 0.10 percent for High Networth Individuals and Retail Individual Investors “…the aggregate of coupon rate and additional incentive for HNIs and RII is 9.45 percent per annum,” IFCI said.

Ncd Rate 10 Years 5 Years Ncds Ifci Coupon Rate Rii 790 Cr Rs 790 Cr Crore Issue  ncds  ifci  coupon  ncd  rate  tenure  raises  crore  issue  hnis  round  rs  option  second  790  cr  tranche

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IFCI Q3 Results: PSU-NBFC’s net loss widens multifold to ₹59 crore, net-interest income drops 21% YoY
1 month, 1 week ago

IFCI Q3 Results: PSU-NBFC’s net loss widens multifold to ₹59 crore, net-interest income drops 21% YoY

Live Mint  

IFCI Q3 Results: Industrial Finance Corporation of India, or IFCI Limited, announced its October to December quarter on Wednesday, February 12. The company's net loss for the third quarter of the financial year 2024-25 jumped 486 per cent to ₹59 crore, compared to a net profit of ₹10.06 crore in the same quarter a year ago, as per the standalone …

Tata Motors gets nod from board constituted committee to raise Rs 1,000 cr via issue of non-convertible debentures
4 years, 10 months ago

Tata Motors gets nod from board constituted committee to raise Rs 1,000 cr via issue of non-convertible debentures

Firstpost  

Tata Motors on Tuesday said a board constituted committee has approved raising up to Rs 1,000 crore via issue of non-convertible debentures on a private placement basis New Delhi: Tata Motors on Tuesday said a board constituted committee has approved raising up to Rs 1,000 crore via issue of non-convertible debentures on a private placement basis. A meeting of the …

Reliance Industries to launch Rs 9,000 cr non-convertible debenture issue on April 16
4 years, 11 months ago

Reliance Industries to launch Rs 9,000 cr non-convertible debenture issue on April 16

Deccan Chronicle  

Mumbai: To cash in on cheap funds flooding the debt market through the targeted long-term repo operations route, Reliance Industries will raise Rs 9,000 crore through an NCD sale to refinance the existing high-cost rupee debt. According to an exchange filing, RIL is launching a Rs 9,000-crore non-convertible debenture issue on April 16 and the proceeds from the debt sale …

IFCI aims to mobilise up to ₹2,000 crore from sale of non-core assets this fiscal
5 years, 8 months ago

IFCI aims to mobilise up to ₹2,000 crore from sale of non-core assets this fiscal

Live Mint  

New Delhi: The country's oldest public sector financial institution IFCI expects to mobilise ₹1,500-2,000 crore from sale of non-core assets, including its stake in the National Stock Exchange, during the current fiscal to fund business growth, a top company official said. "Rao said after SEBI passed its order on the NSE's co-location case, the road is clear for the stake …

Fund raising via NCDs surges 3-fold to ₹29,300 crore in 2018
6 years, 2 months ago

Fund raising via NCDs surges 3-fold to ₹29,300 crore in 2018

Live Mint  

New Delhi: Indian companies raised over ₹ 29,300 crore by issuing non-convertible debentures to retail investors in 2018 to meet their business requirements, representing a three-fold surge compare to the preceding year. “Lack of corporate lending appetite by PSU banks combined with attractive yields in the corporate bond markets over bank rates appear to motivate corporates to shift towards market …

Fundraising via NCD surges three-fold to Rs 29,300 crore in 2018 as higher yields in corporate bond markets woo firms
6 years, 2 months ago

Fundraising via NCD surges three-fold to Rs 29,300 crore in 2018 as higher yields in corporate bond markets woo firms

Firstpost  

The companies raised money for funding expansion plans, retiring debt, supporting working capital requirements and other general corporate purposes. New Delhi: Indian companies raised over Rs 29,300 crore by issuing non-convertible debentures to retail investors in 2018 to meet their business requirements, representing a three-fold surge compare to the preceding year. “Lack of corporate lending appetite by public sector banks …

CESC plans to raise Rs 763 crore via term loans
8 years, 8 months ago

CESC plans to raise Rs 763 crore via term loans

Firstpost  

CESC informed that its annual general meeting will be held on 22 July and the company will engage its shareholders with the special resolution in its AGM to secure the term loans and working capital facility New Delhi: Power utility company CESC Ltd is planning to raise Rs 763.21 crore through term loans. In a regulatory filing, CESC informed that …

Fund raising via NCDs drop 77% in FY15 |IndiaTV news
9 years, 10 months ago

Fund raising via NCDs drop 77% in FY15 |IndiaTV news

India TV News  

New Delhi: Fund raising through retail issuance of non-convertible debentures plunged by 77 per cent to Rs 9,743 crore in 2014-15. According to data available with the Securities and Exchange Board of India, the funds mobilisation came in was Rs 9,743 crore for 2014-15, way below the Rs 42,383 crore mopped up in the preceding fiscal. Shriram Transport Finance Company …

IFC to raise $2.5 bn through rupee bonds: How it will boost Indian infra sector
10 years, 7 months ago

IFC to raise $2.5 bn through rupee bonds: How it will boost Indian infra sector

Firstpost  

IFC will use a combination of rupee-denominated bonds and swaps to raise local-currency financing of up to Rs 15,000 crore over the next five years In what could be a turnaround for the Indian economy, the International Finance Corporation, the private sector arm of the World Bank, has announced it will raise $2.5 billion from rupee-denominated bonds to support infrastructure …

IFCI bonds open till 15 July; should you invest?
13 years, 9 months ago

IFCI bonds open till 15 July; should you invest?

Live Mint  

A new bond issue has hit the market. IFCI Ltd, India’s oldest development financial institution, has come with Tier II subordinate bonds, which will remain open for subscription till 15 July. However, since it has the green shoe option, which enables a company to raise more funds, bonds worth ₹ 1,200 crore may be on offer. The only bonds on …

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