Business Daily from THE HINDU group of publications
Tuesday, Dec 16, 2008
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Business Daily from THE HINDU group of publications Tuesday, Dec 16, 2008 ePaper | Mobile/PDA Version | Audio | Blogs |
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Corporate
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Corporate Bonds
Mumbai, Dec. 15 Edelweiss Capital has successfully placed Rs 500 crore of NCDs for Reliance Industries Ltd. The NCDs, with a maturity of three years, carry a coupon rate of 10.10 per cent per annum, according to a press release. This is the second successful placement of NCDs done by Edelweiss Capital for RIL in the last one week. The first tranche of Rs 500 crore worth of NCDs had a maturity of 10 years and carried a coupon rate of 10.75 per cent a year. Edelweiss Capital was the sole arranger for both these issues. With the successful placement of these NCDs, Edelweiss Capital has so far raised over Rs 20,000 crore of debt for its clients, since the formation of a dedicated Corporate Debt Desk last year. These bonds were raised at coupon rates ranging from 9.20 per cent to 12.58 per cent and maturities ranging from a few months to 15 years.
— Our Bureau More Stories on : Corporate Bonds | Petroleum | Reliance Industries Ltd
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