{"id":278676,"date":"2019-06-17T05:28:59","date_gmt":"2019-06-17T05:28:59","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=278676"},"modified":"2019-06-17T05:41:50","modified_gmt":"2019-06-17T05:41:50","slug":"tata-powers-arm-cgpl-raises-rs-1110-cr-via-ncds-for-refinancing-debt","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/tata-powers-arm-cgpl-raises-rs-1110-cr-via-ncds-for-refinancing-debt\/","title":{"rendered":"Tata Power&#8217;s arm CGPL raises Rs 1,110 cr via NCDs for refinancing debt"},"content":{"rendered":"<p>Tata Power Friday said its arm Coastal Gujarat Power Ltd (CGPL) has raised Rs 1,110 crore through issuance of non-convertible debentures (NCDs) on private placement basis, for refinancing existing debt, capital expenditure and augmentation of working capital.<\/p>\n<p>The NCDs will carry a coupon rate of 9.15 per cent, payable annually. The debt obligations of CGPL under the NCDs are guaranteed by the company, Tata Power said in a BSE filing.<\/p>\n<p>&#8220;Coastal Gujarat Power Limited (CGPL), a wholly-owned subsidiary of the company, has successfully issued and allotted guaranteed, unsecured, non-cumulative, redeemable, taxable, listed, rated, nonconvertible debentures for an amount of Rs 1,110 crore on private placement basis issued in three series (of Rs 370 crore each),&#8221; it said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tata Power Friday said its arm Coastal Gujarat Power Ltd (CGPL) has raised Rs 1,110 crore through issuance of non-convertible debentures (NCDs) on private placement basis, for refinancing existing debt, capital expenditure and augmentation of working capital. The NCDs will carry a coupon rate of 9.15 per cent, payable annually. The debt obligations of CGPL under the NCDs are guaranteed by the company, Tata Power said in a BSE filing. &#8220;Coastal Gujarat Power Limited (CGPL), a wholly-owned subsidiary of the company, has successfully issued and allotted guaranteed, unsecured, non-cumulative, redeemable, taxable, listed, rated, nonconvertible debentures for an amount of Rs [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,232],"tags":[],"class_list":["post-278676","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-power-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/278676","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=278676"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/278676\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=278676"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=278676"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=278676"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}