By Devika Patel
Knoxville, Tenn., Oct. 1 - IVRCL Infrastructures & Projects Ltd. informed the Bombay Stock Exchange that it sold Rs. 150 million in 8.75% unsecured redeemable non-convertible debentures on Sept. 30.
State Bank of Indore bought 100 debentures for Rs. 100 million and State Bank of Mysore bought 50 debentures for Rs. 50 million. The notes are due in 15 months.
Hyderabad, India-based IVRCL is a construction company.
| Issuer: | IVRCL Infrastructures & Projects Ltd.
|
| Issue: | Unsecured redeemable non-convertible debentures
|
| Amount: | Rs. 150 million
|
| Debentures: | 150
|
| Maturity: | 15 months
|
| Coupon: | 8.75%
|
| Price: | Par of Rs. 1 million
|
| Yield: | 8.75%
|
| Warrants: | No
|
| Investors: | State Bank of Indore (for Rs. 100 million) and State Bank of Mysore (for Rs. 50 million)
|
| Settlement date: | Sept. 30
|
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