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Prospect News home > News index > List of issuers I > Headlines for Idea Cellular Ltd. > News item
Published on 1/24/2017 in the Prospect News Emerging Markets Daily.

New Issue: India’s Idea Cellular sells Rs. 20 billion 8.04% five-year debentures

By Susanna Moon

Chicago, Jan. 24 – Idea Cellular Ltd. notified the Bombay Stock Exchange that it allotted Rs. 20 billion of 8.04% five-year unsecured redeemable debentures.

The notes are being sold by private placement, according to the notice.

Idea is a mobile telecommunication services company based in Mumbai.

Issuer:Idea Cellular Ltd.
Issue:Unsecured redeemable debentures
Amount:Rs. 20 billion
Maturity:Jan. 27, 2022
Coupon:8.04%
Allotment date:Jan. 27
Distribution:Private placement

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