Rishikesh- 24.12.2022 :THDCIL has successfully raised the funds through issue of Unsecured Bonds Series -VII with a base size of Rs 200 Cr with green shoe option of Rs 400 Cr with total issue size amounting to Rs. 600 Cr having a tenor of 10 years. The issue proceeds will be utilised to partly meet debt requirement of on going and under construction projects of the company as company is in its expansion phase.
The coupon rate discovered through BSE– Electronic Bidding Platform is 7.88% for Rs 600 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 10 times of Base issue size in Just 1 Hr. The company received Bids for Rs 2059.50 Cr against total issue size of Rs 600 Cr from various Investors and Arrangers . The rate discovered for an unsecured bonds issue is very competitive and it shows confidence amongst investors in THDCIL Bonds.
The bidding for the above issue was done through BSE’s EBP Platform, on 23rd Dec 2022 at THDCIL's Corporate Office at Rishikesh in presence of Shri J. Behera ,Director ( Finance) and CFO, Shri A.B Goel CGM (Finance), Shri A.K Garg , AGM (Finance), Ms. Rashmi Sharma , Company Secretary and Ms Hemlata Agarwal, BSE Head Northern Region, Listing Sales .
THDCIL successfully made its presence not only in Hydro Power Generation but also in Renewable Energy with nationwide presence. In recognition, today THDCIL is a category-1 Mini Ratna Class –A CPSU. 1587 MW consisting of Hydro, Wind and Solar power is in operation, 1444 MW hydro capacity and 1320 MW in Thermal under the advanced stage of development.
So far THDCIL has issued total 7 series of Bonds and has raised funds of Rs . 6250 Cr. from corporate debt market. All the issues of the company were over subscribed and received overwhelming response from Investors. The servicing of all series of bonds is running smoothly and on time.
Shri J. Behera Director (Finance) thanked investors for reposing tremendous trust on company's Operational and Financial performance and future growth prospects.
