H.G. Infra Engineering Limited has informed the Exchange regarding 'Intimation for Allotment of Non-Convertible Debt Securities (NCDs) on private placementbasis amounting to INR 400.00 Cr'.
HGINFRA · price
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H.G. Infra Engineering has allotted 40,000 Senior, Unsecured, Redeemable, Rated, Listed Non-Convertible Debentures (NCDs) of Rs. 1,00,000 face value each, aggregating to Rs. 400 crore via private placement. The NCDs carry a coupon rate of 8.55% per annum, payable semi-annually, with a 3-year tenor maturing on August 29, 2028. Redemption will happen in two equal tranches of 50% each on February 29, 2028 and August 29, 2028. The NCDs are unsecured and will be listed on the BSE Wholesale Debt Market segment.
The company has raised Rs. 400 crore of fresh debt capital, which will boost liquidity and can be used for working capital or growth needs without diluting equity shareholders. However, it adds to the company's debt obligations with an annual interest outflow of roughly Rs. 34 crore, which investors should factor into debt servicing assessments.