By Sarah Lizee
Olympia, Wash., May 21 – IRB Infrastructure Developers Ltd. informed the Bombay Stock Exchange that the management administration and share transfer committee of its board of directors allotted Rs. 2 billion of 9.55% three-year secured redeemable nonconvertible debentures (B3/B) on Thursday.
The privately placed debentures will be listed on the wholesale debt market segment of BSE Ltd.
Based in Mumbai, IRB is an infrastructure development and construction company.
Issuer: | IRB Infrastructure Developers Ltd.
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Issue: | Secured redeemable nonconvertible debentures
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Amount: | Rs. 2 billion
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Maturity: | Three years
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Coupon: | 9.55%
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Allotment date: | May 21
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Ratings: | Moody’s: B3
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| S&P: B
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Distribution: | Private placement
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