Announced Mon, 29 Jun · 19:33 IST
Himatsingka revises NCD plan, keeps Rs 550 cr listed issue at 11.5% coupon
Fund Raising View source PDF
HIMATSEIDE · price
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Price reaction · full curve 14 horizons · vs prior close
+5.1%1-day move
₹86.50
prior close
₹87.49
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.1-1.1-0.9-1.5+5.1+3.9+3.5+2.6+0.8-1.0-2.3———
Up moveDown movePending
AI summary
Himatsingka Seide revised its Rs 550 crore NCD plan into 3 series: Series D Rs 50 cr unlisted, Series E Rs 200 cr unlisted, and Series 1 Rs 300 cr listed on BSE and NSE with green shoe of Rs 250 cr. All carry 11.50% annual coupon paid quarterly, 42 month tenure, principal repaid in 3 installments. Private placement to eligible investors, secured against plant assets.
Likely market impact
Debt of Rs 550 cr plus green shoe means higher interest cost. Coupon at 11.5% is steep. No equity dilution since these are debentures.