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THDC India Limited successfully raised Corporate Bonds of Rs 800 Cr. @ 7.60 %

Sep 12th, 2022 5:58 pm | By | Category: SPECIAL NEWS COVERAGE

Rishikesh- 12.09.2022: THDCIL has successfully raised the funds through the issue of Secured Corporate Bonds Series -VI with a base size of Rs 300 Cr with green shoe option of Rs 500 Cr with total issue size amounting to Rs. 800 Cr having a tenor of 10 years. The issue was made to utilize proceeds to partly meet debt requirements of ongoing and under construction projects of the company as the company is in its expansion phase.

The bidding for the above issue was done through BSE’s EBP Platform, on 12th Sept 2022 at THDCIL’s New Delhi office in the presence of J. Behera, Director (Finance) and CFO, A.B Goel, CGM (Finance), A.K Garg, AGM (Finance), Ms. Rashmi Sharma, Company Secretary and Ms Hemlata Agarwal, BSE Head Northern Region, Listing Sales.

The coupon rate discovered through the Bombay Stock Exchange – Electronic Bidding Platform is 7.60% for Rs 800 Cr. Credit rating of AA “ Stable” was assigned to these bonds by CARE and India ratings. The bidding was grand success with an oversubscription of about 10 times of Base issue size in Just 1 Hr The company received Bids for Rs 2969 Cr against a total issue size of Rs 800 Cr from various Investors and Arrangers which shows acceptability and confidence amongst investors in THDCIL Bonds.

THDCIL successfully made its presence not only in Hydro Power Generation but also in Renewable Energy with a nationwide presence. In recognition, today THDCIL is a category-1 Mini Ratna Class –A CPSU. 1587 MW consisting of Hydro, Wind and Solar power is in operation, 1444 MW hydro capacity and 1320 MW in Thermal under advanced stage of development.

So far THDCIL has issued total 6 series of Bonds and has raised funds of Rs . 5650 Cr. from corporate debt market. All the issues of the company were oversubscribed and received an overwhelming response from Investors. The servicing of all series of bonds is running smoothly and on time. J. Behera Director (Finance) thanked investors for reposing tremendous trust on the company’s Operational and Financial performance and future growth prospects. CMD, THDCIL also expressed his satisfaction over the overwhelming response from Investors.

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