
Displaying items by tag: debenture
UltraTech Cement to raise US$356m through non-convertible debentures
15 November 2024India: UltraTech Cement announced plans to make a private placement of non-convertible debentures (NCDs) on 12 November 2024. MarketLine News has reported that the value of the proposed placement as US$356m.
Votorantim Cimentos to issue non-convertible debentures
15 November 2023Brazil: Votorantim Cimentos’ board of directors has approved the issuance of US$180m-worth of non-convertible debentures. The producer says that it will use funds raised thereby as collateral for a financial securitisation operation of real estate receivables.
India: JK Cement's consolidated sales were US$839m during the first nine months of the 2023 financial year, up by 23% year-on-year from US$682m during the corresponding period of the 2022 financial year. The producer's costs grew across all areas of expenditure, resulting in a net profit for the period of US$37.4m, down by 36% year-on-year.
JK Cement received approval for the issuance of up to US$12.1m in redeemable non-convertible debentures (NCDs) on private placement basis on 6 February 2023.
Sanghi Industries secures financing from Kotak Investment Advisors
06 December 2022India: Sanghi Industries has borrowed US$60.6m from Kotak Investment Advisors. The cement producer secured the funds in the form of non-convertible debentures (NCDs).
Sanghi Industries produces its Sanghi Cement brand cement in Gujarat.
Grasim Industries raises US$123m through non-convertible debentures
01 December 2022India: Grasim Industries has informed investors that it has raised US$123m through allotment of 7.6% rated, listed, unsecured redeemable non-convertible debentures (NCDs).
CRISIL and ICRA have rated the NCDs as AAA (stable).
Grasim Industries to raise US$121m
03 November 2022India: Grasim Industries has secured its board's finance committee's clearance to raise up to US$121m through issue of non-convertible debentures. The Aditya Birla subsidiary plans to carry out the issue on a private placement basis, in one or more tranches.
CSN Cimentos announces US$125m public offering
30 September 2022Brazil: CSN Cimentos has announced its second issuance of non-convertible debentures totalling US$125m in value through a restricted efforts public offering. LC news has reported that the company’s subsidiary Elizabeth Cimentos guaranteed the transaction.
Siam Cement Group to issue US$426m debenture
11 August 2022Thailand: Siam Cement Group has received approval to issue a new lot of debenture worth US$426m on 3 October 2022. The group says that the debenture replaces its existing lot, which will retire for redemption on 1 October 2022. The new lot has an interest rate of 3.25% and matures on 1 October 2026.
JK Cement to raise US$64.4m
23 May 2022India: The board of JK Cement has recommended a proposal for the company to seek to raise US$64.4m via non-convertible debentures (NCDs). Under the proposal, the cement producer would issue the NCDs on a private placement basis in one or more tranches.
Thai Securities and Exchange Commission approves issuance of debenture by Siam Cement Group
15 February 2022Thailand: The Securities and Exchange Commission has approved Siam Cement Group (SCG)’s planned debenture issuance. Reuters News has reported that the value of the debenture is US$926m.