New Delhi: THDC India Limited has achieved a significant milestone by successfully raising Rs 763 Crore through the issuance of THDCIL Corporate Bonds Series - VIII. The bonds garnered substantial interest from investors, resulting in a remarkable oversubscription of 9 times the base issue size, amounting to Rs 2588 crore.
THDCIL Corporate Bonds Series -VIII, with a base size of Rs 300 crore and a green shoe option of Rs 500 crore, achieved a total issue size of Rs 800 crore, with a tenor of 10 years. The funds raised through this issue will be utilized to partially meet the debt requirements of THDC's ongoing and under-construction projects as the company continues to expand its operations.
This accomplishment underscores the confidence of investors in THDC India Limited's financial stability and operational performance. The competitive coupon rate of 7.76 percent discovered through BSE–Electronic Bidding Platform further reinforces the trust placed in THDCIL Corporate Bonds. These bonds have received a credit rating of AA "Stable" from both CARE and India Ratings, highlighting the strong creditworthiness of the company.
The bidding for this successful bond issue took place on September 11, at THDCIL's Corporate Office in Rishikesh. The event was graced by the presence of THDC's Director (Finance) and CFO J Behera, ED (Finance) AB Goel, GM (Finance) AK Garg, Company Secretary Rashmi Sharma and BSE Head (Northern Region, Listing) Hemlata Agarwal.
Till date, THDCIL has issued a total of eight series of Bonds and has successfully raised funds amounting to Rs 7,013 crore from the corporate debt market. All of these bond issues have received overwhelming responses from investors, and servicing all series of bonds is running smoothly and on time.