By Rebecca Melvin
New York, June 24 – OPG Power Ventures plc operating subsidiary OPG Power Generation Pvt. Ltd. priced Rs. 2 billion of 9.85% secured redeemable non-convertible debentures, according to a regulatory notice.
The securities will be listed on the wholesale debt market segment of BSE Ltd. and are repayable after three years.
The proceeds will be used to finance principal repayments on the group’s existing term loans through to June 2022.
The manufacturing company is based in Bombay.
| Issuer: | OPG Power Generation Pvt. Ltd.
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| Guarantor: | OPG Power Ventures plc
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| Issue: | Redeemable nonconvertible debentures
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| Amount: | Rs. 2 billion
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| Maturity: | 2023
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| Coupon: | 9.85%
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