Financially-stressed Dewan Housing Finance Corporation (DHFL) has defaulted on principal and interest payments on NCDs aggregating to ₹104.54 crore. These NCDs were issued to a single investor. DHFL, in a stock exchange notice, said the gross principal amount on which the above-mentioned default occurred is ₹100 crore. These 10-year secured NCDs carry a coupon of 10.05 per cent.
Also, the housing finance company defaulted on interest amount of ₹9.43 crore on another NCD series issued to a single investor. The gross principal amount on which this default occurred is ₹100 crore. These 10-year secured NCDs carry a coupon of 9.40 per cent. Further, DHFL defaulted on interest payments aggregating ₹43 lakh on NCDs carrying four unique international securities identification numbers (ISINs), which were issued to 3,404 investors via a public issue.
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.