Intimation of Allotment of Non - Convertible Debentures
LLOYDSME · price
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Lloyds Metals and Energy Ltd has allotted 75,000 unsecured, senior, listed, rated, redeemable Non-Convertible Debentures (NCDs) on a private placement basis. The NCDs have a face value of INR 1 lakh each, totaling an issue size of INR 750 crores. The debentures carry a coupon rate of 8% per annum payable half-yearly over a 6-year tenor maturing on 7th May 2032. The issue was fully subscribed through the NSE Electronic Book Provider platform. Credit ratings assigned are IND AA/Stable by India Ratings and Crisil AA/Stable by Crisil Ratings, indicating high credit quality.
The company has successfully raised INR 750 crores in debt capital through NCDs. For shareholders, this issuance adds to the company's debt obligations with interest payments due every March and September until 2032. The strong AA credit ratings and full subscription indicate institutional investor confidence in the company's creditworthiness.