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TATA POWER CO.LTD. - Issue and allotment of unsecured, non-cumulative, redeemable, taxable, listed, rated Non-Convertible Debentures of Rs. 1,500 crore
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17 Nov 2014
With reference to the earlier letter dated October 13, 2014, Tata Power Company Ltd has now informed BSE that the Company has issued and allotted the following unsecured, non-cumulative, redeemable, taxable, listed, rated Non-Convertible Debentures of a face value of Rs. 10 lakh each, on a private placement basis:&lt;br/&gt;&lt;br/&gt;1. 9.32% Series 1 aggregating Rs. 1,000 crore due November 2017 (&quot;Series 1 NCDs&quot;); and &lt;br/&gt;&lt;br/&gt;2. 9.48% Series 2 aggregating Rs. 500 crore due November 2019 (&quot;Series 2 NCDs&quot;) (Series 1 NCDs and Series 2 NCDs hereinafter collectively referred to as &quot;NCDs&quot;).&lt;br/&gt;&lt;br/&gt;These NCDs have been rated ICRA AA (with negative outlook) by ICRA Ltd. and CARE AA by CARE Ltd.&lt;br/&gt;&lt;br/&gt;Standard Chartered Bank, IDFC Limited, Yes Bank Limited, Axis Bank Limited and Deutsche Bank AG are the joint lead arrangers for the issue of these NCDs.&lt;br/&gt;&lt;br/&gt;These NCDs have been issued on a private placement basis through a private placement offer letter cum information memorandum addressed specifically to certain eligible investors and which is not intended to be an advertisement, invitation, offer, sale or solicitation of an offer to the public at large for investing in the NCDs.
View all announcements for TATA POWER CO.LTD. Source: BSE India