The India Infrastructure Finance Company Limited (IIFCL) announced the issuance of India?s first infrastructure bond issuance Credit Enhanced by it. The rating of these bonds has been enhanced based on first-loss partial credit guarantee by IIFCL under its Credit Enhancement Scheme.
Tag: refinance
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Sidbi gets Rs 5,000 cr RBI loan
Small Industries Development Bank of India (Sidbi) has received Rs 5,000 crore of refinance from the Reserve Bank of India (RBI) for a year to ease liquidity stress in the micro and small enterprises sector.
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Essar Power to refinance debt via bond issues
In order to refinance past debt, Essar Power issued Rs 1,000 crore worth of rupee denominated bonds. Including this bond issue, the company has so far raised Rs 2,750 crore and it plans to raise another Rs 2,250 crore. With these bond issues, the power generating arm of the London-listed Essar Energy intends to refinance loans wort
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Banks refinance Hindalco’s Rs 47 bn debt
State Bank of India and Axis Bank are learnt to have refinanced Rs 4,700 crore debt of Hindalco for the Utkal alumina project. The flagship company of the Aditya Birla Group managed to refinance the debt at an interest rate of 10.15 percent payable over an eight-year
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Essar Steel to reduce interest cost by raising dollar debt
Dilip Oomen, Managing Director and Chief Executive of Essar Steel informed media persons that the company plans to replace its rupee debt with dollar debt in order to reduce interest cost. By September 2013, the firm plans to refinance its entire domestic debt of around Rs 20,000 crore into dollar terms
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Indian firms keen to raise funds from global mkt
Analysts opine that many Indian companies are interested to refinance their rupee debt by raising funds in the global market at a lower interest rates as compared to the domestic rates. Given the flexible terms and low rates, investors and fund managers are reportedly exploring the cheaper US lo