Published on 7/20/2016 in the Prospect News Emerging Markets Daily.
New Issue: India’s Piramal to issue Rs. 1.5 billion 9.45% secured redeemable notes
By Susanna Moon
Chicago, July 20 – Piramal Enterprises Ltd. notified the Bombay Stock Exchange that it plans to issue Rs. 1.5 billion of 9.45% secured redeemable debentures in two tranches due in 1,092 days and 1,107 days.
The company will issue 1,500 debentures at par of Rs. 1 million each, and the notes will be listed on the National Stock Exchange of India Ltd., according to the notice.
Piramal Enterprises, formerly Piramal Healthcare Ltd., is a Mumbai-based subsidiary of the Piramal Group.
| Issuer: | Piramal Enterprises Ltd.
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| Issue: | Secured redeemable debentures
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| Amount: | Rs. 1.5 billion
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| Maturity: | 1,092 days, 1,107 days
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| Coupon: | 9.45%
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