{"id":430668,"date":"2021-08-16T08:25:33","date_gmt":"2021-08-16T02:55:33","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=430668"},"modified":"2021-08-16T08:44:56","modified_gmt":"2021-08-16T03:14:56","slug":"nayara-energy-raises-rs-2285-cr-via-ncds-issue-sold-out-twice-over","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/nayara-energy-raises-rs-2285-cr-via-ncds-issue-sold-out-twice-over\/","title":{"rendered":"Nayara Energy raises Rs 2,285 cr via NCDs, issue sold out twice over"},"content":{"rendered":"<p>Nayara Energy has raised Rs 2,285 crore through placement of Non-Convertible Debentures (NCDs) in the domestic market. A statement from the company said that the issue got over-subscribed by 128.5 per cent over the base size of Rs 1,000 crore.<\/p>\n<p>\u201cProceeds of the issue will be utilised for refinancing of existing debt, routine capex and general corporate purpose. The secured NCDs are rated \u2018AA\u2019 with Stable outlook by CARE Ratings and was offered with a coupon rate of 8.75 per cent with a three-year bullet maturity,\u201d Nayara Energy said.<\/p>\n<p>\u201cThe company had recently repaid its 2018 NCDs amounting to Rs 2,400 crore,\u201d the company added.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Nayara Energy has raised Rs 2,285 crore through placement of Non-Convertible Debentures (NCDs) in the domestic market. A statement from the company said that the issue got over-subscribed by 128.5 per cent over the base size of Rs 1,000 crore. \u201cProceeds of the issue will be utilised for refinancing of existing debt, routine capex and general corporate purpose. The secured NCDs are rated \u2018AA\u2019 with Stable outlook by CARE Ratings and was offered with a coupon rate of 8.75 per cent with a three-year bullet maturity,\u201d Nayara Energy said. \u201cThe company had recently repaid its 2018 NCDs amounting to Rs [&hellip;]<\/p>\n","protected":false},"author":40,"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-430668","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\/430668","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\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=430668"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/430668\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=430668"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=430668"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=430668"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}