Tag: Private placement

GIC Housing Finance raises ₹195 cr via issuance of NCDs

Banking & Finance

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GIC Housing Finance on Tuesday said it has raised ₹195 crore through issuance of non-convertible debentures (NCDs) to Aditya Birla Sun Life Mutual Fund on private placement basis.

“…Pursuant to the authority accorded by our board… 1,950 numbers of NCDs, having a face value of ₹10,00,000 each at par for an aggregate amount of ₹195 crore, issued on private placement basis,” GIC Housing Finance said in a regulatory filing.

The NCDs have been allotted to Aditya Birla Sun Life Mutual Fund and carry an interest rate of 6.94 per cent per annum.

GIC Housing Finance said the NCDs are proposed to be listed on the BSE.

Shares of GIC Housing Finance were trading 1.21 per cent higher at ₹117.15 apiece on the BSE.

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Indian Bank raises Rs 2,000 cr by issuing bonds, BFSI News, ET BFSI

Banking & Finance

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State-owned Indian Bank on Wednesday said it has raised Rs 2,000 crore by issuing Basel-III compliant bonds.

The bank has raised tier-2 capital fund through private placement of Basel-III compliant tier-2 bonds, Indian Bank said in a regulatory filing.

The coupon on the bonds is 6.18 per cent per annum payable annually.

“The issuance/placement of said bonds has been completed by the bank through BSE-EBP (bond platform),” it added.

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