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. […]
The National Highways Authority of India (NHAI) plans to raise Rs 100 billion by selling 10-year bonds at a coupon rate of 7.5 per cent. The Ministry of Road Transport and Highways has further proposed […]
The Ministry of Road Transport and Highways (MoRTH) is planning to raise Rs 150 billion from the Employees’ Provident Fund Organisation (EPFO) to fund its highway construction programme. It plans to issue National Highways Authority […]
The State Bank of Indiaplans to raise up to $3 billion in the country’s biggest overseas green bond issue, tapping investors such as BlackRock, IFC and JP Morgan-backed entities for funding projects that will help […]
Madhya Pradesh, Tamil Nadu and Telangana plan to issue UDAY bonds to raise Rs 181.08 billion. The bonds will be issued by the states on a private placement basis. While Tamil Nadu will offer bonds […]
Bharti Airtel has received shareholder approval to raise up to Rs 100 billion in debt. The amount will be raised via the issue of unsecured/secured redeemable non-convertible debentures/bonds by way of private placement. The shareholders […]
GMR Hyderabad International Airport Limited (GHIAL) is reportedly planning to raise $300 million-$350 million by selling high-coupon offshore bonds. The company has hired Citigroup, Inc. and Bank of America Merrill Lynch, among others, to conduct […]
IOCL has offered interest-free unsecured bonds to the Odisha government to make the Paradip refinery project viable, after the state withdrew fiscal incentives for the project. On December 29, 2016, the Odisha government issued a […]
Tata Teleservices Limited (TTSL) has obtained shareholder consent to double its authorised capital from Rs 200 billion to Rs 400 billion and raise up to Rs 100 billion through compulsorily convertible preference shares (CCPSs) on […]
The L&T Infra Debt Fund (L&T IDF), a refinancing unit, is raising about Rs 25 billion through debentures to provide liquidity for road and renewable energy projects. Rating agency CRISIL has assigned AAA rating for […]
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