Page 5 - Non-convertible Debentures
Tata Motors to raise Rs 500 cr through issue of non-convertible debentures
The issuance is pursuant to the approval of the board of directors' resolution passed at its meeting held on October 25, 2019
 "Tata Motors to raise Rs 500 cr through issue of non-convertible debentures")
Crisil upgrades Jindal Steel NCD ratings to BBB positive as plant restarts
Upgrade reflects improvement in JSPL's business risk profile over medium term
 "Crisil upgrades Jindal Steel NCD ratings to BBB positive as plant restarts")
Axis Bank plans to raise Rs 4,175 crore via NCDs on private placement basis
The coupon rate for the issue will be 7.65 per cent per annum, the filing added.
 "Axis Bank plans to raise Rs 4,175 crore via NCDs on private placement basis")
Vedanta to raise up to Rs 2,500 crore through non-convertible debentures
The company has presence across India, South Africa, Namibia, Australia and Ireland
 "Vedanta to raise up to Rs 2,500 crore through non-convertible debentures")
Ind-Ra downgrades Voda-Idea's Rs 3,500 cr NCD over AGR-related debt
Vodafone Idea AGR dues as estimated by the Department of Telecom stands at a cumulative Rs 53,038 crore, including Rs 24,729 crore of SUC dues and Rs 28,309 crore in licence fee
 "Ind-Ra downgrades Voda-Idea's Rs 3,500 cr NCD over AGR-related debt")
NCDs provide interest income, but look at credit rating before investing
NCDs are debt instruments that can't be converted into equity or stocks. If you are someone who wants to get a piece of this pie, you need to choose the right one for you
 "NCDs provide interest income, but look at credit rating before investing")
Tata Housing Finance to raise Rs 2,000 crore via non-convertible debentures
The base size of the issue is Rs 500 crore with an option to retain oversubscription up to Rs 1,500 crore
 "Tata Housing Finance to raise Rs 2,000 crore via non-convertible debentures")
Vedanta to raise up to Rs 2,000 cr through non-convertible debentures
The company will hold a meeting of its committee of directors on Wednesday on this issue
 "Vedanta to raise up to Rs 2,000 cr through non-convertible debentures")
Manappuram Finance to raise up to Rs 350 crore through issuance of NCDs
The shares of Manappuram Finance were trading at Rs 172.35, down 0.14% on BSE
 "Manappuram Finance to raise up to Rs 350 crore through issuance of NCDs")
PTC Finance Services to raise Rs 580 crore via NCDs backed by SBI
The rating assignment takes into account the strong financial and credit risk profile of the issuer and partial credit enhancement by SBI
 "PTC Finance Services to raise Rs 580 crore via NCDs backed by SBI")
L&T Finance raises Rs 15.03 bn in early closure of public issue of bonds
L&T Finance Ltd on Tuesday announced early closure of its public issue of secured non-convertible debentures (NCDs), garnering subscription of Rs 1,503.35 crore. L&T Finance, a wholly-owned subsidiary of L&T Finance Holdings, said tranche-I issue, which opened on December 16, has been oversubscribed and has received subscription amounting to Rs 1,503.35 crore. The subscription is 3.01 times of the base issue size of Rs 500 crore. High net worth individual (HNI) and retail categories are oversubscribed by 4.18 times and 3.04 times, respectively, of the base issue. These NCDs have been rated CRISIL AAA (stable), CARE AAA (stable) and IND AAA (stable) by Crisil Ltd, Care and India Ratings, respectively. "This NCD issue is a step in the company's overall strategic intent of building a retail liability franchise," L&T Finance said.
 "L&T Finance raises Rs 15.03 bn in early closure of public issue of bonds")
IRB Infra board gives go-ahead on allotment of NCDs worth Rs 1,400 cr
It said the NCDs will bear current interest rate of 11.75% per annum
 "IRB Infra board gives go-ahead on allotment of NCDs worth Rs 1,400 cr")
HDFC AMC takes 35% markdown on Simplex exposure after rating falls to 'D'
HDFC Credit Risk Fund had Rs 124 crore of exposure to the NCDs of the company
 "HDFC AMC takes 35% markdown on Simplex exposure after rating falls to 'D'")
CCI approves subscription of Piramal debentures by Canadian investor
The preferential allotment will take place by November this year and the rights issue is expected to be completed by February 2020
 "CCI approves subscription of Piramal debentures by Canadian investor")
Edelweiss eyes Rs 1.5 trn in personal wealth management corpus in 2-3 years
Its personal wealth management arm, which currently manages Rs one trillion, clocked a robust revenue growth of 35% CAGR in the last three financial years
 "Edelweiss eyes Rs 1.5 trn in personal wealth management corpus in 2-3 years")
Tata Power issues 15,000 non-convertible debentures, raises Rs 1,500 cr
The NCDs would be listed on WDM segment of NSE
 "Tata Power issues 15,000 non-convertible debentures, raises Rs 1,500 cr")
Payment of principal obligations for NCD had been delayed: Reliance Capital
The payments were due on Wednesday and Thursday, the company said in regulatory filing.
 "Payment of principal obligations for NCD had been delayed: Reliance Capital")
Sebi allows MFs to invest in unlisted NCDs up to 10% of debt portfolio
This would be subject to such investments in unlisted NCDs having simple structures being rated, secured and with monthly coupons
 "Sebi allows MFs to invest in unlisted NCDs up to 10% of debt portfolio")
Muthoot Finance to raise Rs 1,000 crore via NCDs to fund business growth
The issue opens on September 27, 2019 and closes on October 25, 2019
 "Muthoot Finance to raise Rs 1,000 crore via NCDs to fund business growth")
Fund raising via NCDs drop 67% on low investors' confidence in Apr-Aug FY20
NCDs are loan-linked bonds that cannot be converted into stocks and usually offer higher interest rates than convertible debentures
 "Fund raising via NCDs drop 67% on low investors' confidence in Apr-Aug FY20")
