Latest Updates Around The World
Housing and Urban Development Corporation Ltd. (HUDCO) on Wednesday raised Rs 1,905 crore through a seven-year bond issue. The increase amounted to a coupon rate of 6.98%, according to a company statement. “This performance stands out as the broader market faced unexpected yield pressures,” HUDCO said on Thursday, adding that this was despite expectations of […]
Muthoot Microfin plans to raise Rs 450 crore in bonds over the next two months, the company said on Thursday. The company will target high-net-worth individuals for placing the bonds on a private placement basis, said CEO Sadaf Sayeed. The bonds are priced between 9.70% and 9.95% per year. Muthoot Microfin to raise Rs 450 […]
Anil Agarwal-led Vedanta Resources Ltd (VRL) raised $500 million through bonds in October and will use the proceeds to repay short-term liabilities. According to the letter to bondholders, the company stated that “the average maturity of its debt portfolio is now well over four years, and it has reduced its weighted average interest expense to […]
