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Refex Renewables issues Rs 1.05 billion NCDs

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Refex Renewables & Infrastructure Limited has issued 105 senior, secured, unrated, unlisted, and taxable non-convertible debentures (NCDs) through private placement. The NCDs, with an aggregate value of Rs 1.05 billion, were allotted to the Northern Arc Emerging Corporates Bond Trust. They have a tenure of 20 months, starting from December 23, 2024, and maturing on July 30, 2026. The debentures carry an annual interest rate of 14.25 per cent, with monthly interest payments.

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Powergrid to raise up to Rs 42.50 billion via 10-year bonds

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Power Grid Corporation of India Limited (PGCIL) has approved raising up to Rs 42.50 billion through the private placement of bonds. The funds will be raised under the Powergrid bonds – LXXX (80th Issue), which are unsecured, non-convertible, non-cumulative, redeemable, and taxable.  The issue includes a base size of Rs 10 billion and a green shoe option of Rs 32.50 billion. These bonds will have a 10-year tenure with annual interest payments. The interest rate…

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Power Grid approves issuance of bonds to raise up to Rs 50 billion

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Power Grid Corporation of India Limited (PGCIL) has received approval from its committee of directors to issue its 79th bond series (2024-25), which will raise up to Rs 50 billion through a private placement.  The bond issuance has a base size of INR 10 billion, with a green shoe option allowing for an additional Rs 40 billion. These bonds are unsecured, non-convertible, non-cumulative, and taxable, with a 10-year maturity period. The bonds will be redeemable…