maturity

bonds: Shriram Finance nets $750 million in its largest-ever fundraise

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bonds: Shriram Finance nets 0 million in its largest-ever fundraise

Mumbai: Shriram Finance has carried out its largest-ever fund-raising in capital markets by raising $750 million through bonds, marking the resumption of high-yield issuances by Indian corporates. These bonds, with a maturity of 39 months, were priced at 6.625%, lower than the initial guidance of 7%, top management of Shriram Finance and arrangers to the … Read more

infra debt funds: Growth of infra debt funds needs more than easier rules

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infra debt funds: Growth of infra debt funds needs more than easier rules

Mumbai: The Reserve Bank of India’s (RBI) liberalisation of borrowing for Infrastructure Debt Funds is unlikely to infuse much life into the industry unless the central bank allows the funds to borrow cash for the short term and not expressly tie borrowings with the asset profiles financed by the debt. The industry neither wants the … Read more