Rishikesh, 05 Sept. 2019: THDC India Limited (THDCIL) has issued corporate bonds series -II of 1500 Cr with a base issue size of Rs 500 Cr. and a green shoe option of Rs 1000 Cr. The bidding for the above issue was done on 5th Sept 2019 at THDCIL Lodhi Road Office in presence of Shri J. Behera, Director of Finance, and Rashmi Sharma, Company Secretary. The coupon rate discovered is 8.75 % for Rs 1500 Cr. through the BSE EBP Platform with a Credit rating of AA+ and AA Stable. The bidding was a grand success with an oversubscription of more than 6 times of base issue size. The company received Bids for Rs 3215 Cr. from various investors and arrangers. against Issue size of Rs 1500 Cr.
These corporate bonds have a tenor of 10 years and the bond proceeds shall be used to partly meet the debt requirement of ongoing projects under construction including recoupement of expenditure already incurred and to refinance the existing loans the issue was led by DF and Company Secretary and it was a grand success.
Shri DV Singh CMD-THDCIL expressed his satisfaction that THDCIL received excellent response from the various investor class in time slot of one and a half Hour and issue was oversubscribed. He also said that this shows the confidence of the Investors on the Company's Performance and growth Prospects.
THDCIL is one of the premier power generators in the country with installed capacity of 1513 MW with commissioning of Tehri Dam HPP (1000MW), Koteshwar HEP (400MW) and 50MW Wind Power Project at Patan Gujarat to its credit. It is to mention that THDCIL is implementing 1320MW Khurja Super Thermal Power Project in U.P. The foundation stone of the project was laid by Hon'ble PM Narendra Modi on 09.03.2019. THDCIL is bestowed with Mini Ratna Category I Schedule Status.
