Home Decor News Hubb
Advertisement
  • Home
  • Home Decor
  • Furniture
  • Contact us
No Result
View All Result
  • Home
  • Home Decor
  • Furniture
  • Contact us
No Result
View All Result
Home Decor News Hubb
No Result
View All Result
Home Home Decor

Tata Power to issue bonds in a bid to raise Rs 4,000 crore

admin by admin
November 9, 2022
in Home Decor


The Tata has reached out to some top fund houses and investment bankers, trying to assess the investors’ appetite. The funding is reported to be in the range of Rs 3,000-4,000 crore.

The proposed bonds may offer about 9-9.25%, or a little less, for those securities. The company is now considering different maturity options that suit investors best. For example, it could either be a 10-year maturity with one-year put and call option, which allow both investors and issuers to surrender or withdraw the issue after the stipulated period but well before the scheduled maturity.

Bonds may also be of multiple maturities ranging between one and four years, said one of the persons close to developments to the ET.

Tata Power, on its part, responded to the media queries with, “Tata Power does not respond to market speculations. As a company, we are always open to evaluating various options that could create shareholder value.”

Tata Power Renewable Energy, a special purpose vehicle created with a focus on non-conventional energy, is likely to be the issuer of bonds with a corporate guarantee from the parent Tata Power Company.

“The proposed bond sale may be of the nature of ‘structured obligation’, where a large parent entity guarantees repayment to investors who subscribe group entity securities,” said another person close to the developments.

Domestic rating companies such as CRISIL has rated Tata Power Company as AA- with a stable outlook. During the January-March quarter, Tata Power’s consolidated net profit more than doubled to Rs 360.25 crore on strong operational performance and lower fuel cost.

For the full fiscal year FY16, the company reported a consolidated net profit of Rs 873.35 crore against Rs 167.83 crore a year ago. Over the next 12-18 months, global rating company Moody’s expects Tata Power’s financial position to remain stable.

(The writer is CEO, Track2Realty)

Was this article useful?

  • 😃 (0)

  • 😐 (0)

  • 😔 (0)





Source link

Previous Post

8 quick fixes to get your home ready for sale l Property styling

Next Post

Top Guides To Use Customized Wall Decals For The Nursery

Next Post

Top Guides To Use Customized Wall Decals For The Nursery

Recommended

5 Diy ideas for shore themed living

July 21, 2023

Things to do in New York

April 21, 2023

Don't miss it

Home Decor

The Evolution Of DirecTV: From Satellite Dishes To Streaming

September 25, 2023
Home Decor

From Hive To Home: Embracing The Purity Of Raw Honey

September 24, 2023
Home Decor

Office Furniture Trends: Stay Modern And Functional In Your Workspace

September 23, 2023
Home Decor

Yashobhoomi Convention and Expo Centre: Facts, features

September 23, 2023
Home Decor

Transforming Commercial Buildings With Energy Management Platforms

September 22, 2023
Home Decor

Stylish Decorative Ideas For Shipping Container Homes

September 21, 2023

© Home Decor News Hubb All rights reserved.

Use of these names, logos, and brands does not imply endorsement unless specified. By using this site, you agree to the Privacy Policy and Terms & Conditions.

Navigate Site

  • Home
  • Home Decor
  • Furniture
  • Contact us

Newsletter Sign Up

No Result
View All Result
  • Home
  • Home Decor
  • Furniture
  • Contact us

© 2022 Home Decor News Hubb All rights reserved.

Our Spring Sale Has Started

You can see how this popup was set up in our step-by-step guide: https://wppopupmaker.com/guides/auto-opening-announcement-popups/