Financial Daily from THE HINDU group of publications
Tuesday, Nov 26, 2002

Port Info

Group Sites

Corporate - Announcements
Money & Banking - Corporate Bonds

Nicholas Piramal places Rs 25-cr debenture issue

Our Bureau

MUMBAI, Nov.25

NICHOLAS Piramal India Ltd today said that it was placing Rs 25-crore through an issue of MIBOR (Mumbai Inter Bank Offer Rate) linked debentures at a spread of 10 basis points over the overnight NSE MIBOR. The debentures have a 364 day maturity with a daily put/call option.

According to a press release, the proceeds of these debentures will be utilised to refinance the Rs 35 crore commercial paper redemption, which was raised in August 2002 at a weighted average rate of 6.13 per cent per annum.

Send this article to Friends by E-Mail
Comment on this article to

Stories in this Section
Bajaj Auto `willing' to sell stake to Kawasaki

Nicholas Piramal places Rs 25-cr debenture issue
Phillips Carbon Black transfers production line to Bengal
Electrolux may close down Hyderabad unit
Mumbai Centaur sale by Batra to Sahara in order, says Shourie
Nestle to hike stake in Indian arm by 5%
Non-executive directors a dicey breed for India Inc
NFCL staff protest delay in wage hike
Alembic ties up with Italian firm
PR to play bigger role in CSR
Maruti may file public issue draft prospectus next month
Does talent fetch the bid it merits?

The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | The Sportstar | Frontline | Home |

Copyright 2002, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line