Rishikesh: 24.08.2021 THDC India Limited has issued Secured Corporate Bonds Series -V with a base size of Rs 400 Cr with green shoe option of Rs 800 Cr with a total issue size amounting to Rs. 1200 Cr having a tenor of 10 years. The bond proceeds shall be used to partly meet debt requirement of ongoing and under construction projects.
The bidding for the above issue was done on 23rd August 2021 at THDCIL NCR office Ghaziabad in the presence of Shri J. Behera, Director (Finance), Shri A.B Goel, GM (Finance), Ms. Rashmi Sharma, Company Secretary and Ms. Hemlata Agarwal, BSE representative.
Shri J. Behera, Director (Finance) thanked investors for reposing tremendous trust on companys Operational and Financial performance and future growth prospects. THDC is a Category-1 Mini Ratna Class A CPSU having operational portfolio of 1587 MW consisting of Hydro, Wind and Solar power and another 2764 MW under construction. The coupon rate discovered throughBombay stock Exchange Electronic Bidding Platform is 7.39% for Rs 1200 Cr. Credit rating of AA Stable was assigned to these bonds by CARE and India ratings . The bidding was grand success with over subscription of about 9 times of Base issue size. The company received Bids for Rs 3574 Cr against total issue size of Rs 1200 Cr from various Investors and Arrangers which is considerably high.
