NCDs

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JSW Energy raises Rs 250 crore through issue of unsecured NCDs
By November 13, 2025November 13, 2025

JSW Energy Limited has completed the allotment of Rs 250 crore in unsecured, listed Non-Convertible Debentures (NCDs). The Finance Committee approved the issuance on November 12, 2025, as part of a board-approved plan to raise up to Rs 3,000 crore. The issue includes 25,000 debentures with a face value of Rs 1,00,000 each. The NCDs carry a fixed coupon rate of 8.05% per annum and have a tenure of three years, maturing on November 10,…

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India | Finance | News

CESC board approves Rs 300 crore NCD issuance
By September 26, 2025October 28, 2025

CESC Limited will raise Rs 300 crore through 30,000 non-convertible debentures (NCDs) via private placement. Each debenture has a face value of Rs 1 lakh, is senior, secured, rated, unlisted, and carries a three-year tenure. The NCDs will offer a floating coupon of 3-month Treasury Bill rate plus 2.30% per annum, paid quarterly. In case of default, an extra 2% per annum applies. Allotment is set for September 26, 2025, with redemption on September 26,…

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India | News

SWELECT Energy to raise Rs 1.38 billion through NCDs
By December 20, 2024December 21, 2024

SWELECT Energy Systems has announced plans to raise Rs 1.38 billion through the issuance of 1,385 non-convertible debentures (NCDs) with a face value of Rs 1 million each via private placement. These secured, unlisted, rated, redeemable, non-cumulative, taxable NCDs will carry a 12.5-year tenure and an average interest rate of 9.5%. The funds raised will be used to strengthen the company’s financial position. The company’s board also approved the conversion of Rs 400 million in…

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