Announced Thu, 23 Jul · 17:13 IST
GIC Housing Finance to raise Rs 200 Cr via NCD private placement at 8.15%
Fund Raising View source PDF
GICHSGFIN · price
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Price reaction · full curve 14 horizons · vs prior close
+1.0%1-day move
₹147.01
prior close
₹146.22
base price
After-mkt
timing
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AI summary
GIC Housing Finance plans to raise Rs 200 crore through secured, listed, rated, redeemable non-convertible debentures on private placement. Series 12 Tranche 1 carries an 8.15 percent annual fixed coupon for a 548 day tenor, maturing January 28, 2028. The issue is rated CRISIL AA plus Stable. ICICI Bank anchors Rs 60 crore; the remaining Rs 140 crore will be bid on the BSE EBP platform. Proceeds will fund housing finance lending, debt refinancing, and normal business operations.
Likely market impact
Routine secured borrowing for lending business; no equity dilution. 8.15 percent coupon reflects current rate environment for AA plus NBFCs.