PIONEER EDGE NEWS SERVICE/ Rishikesh
THDC India Limited concluded the bidding for its Corporate Bonds Series XIII of Rs 600 crore at THDCIL’s corporate office in Rishikesh and a competitive coupon rate of 7.45 per cent p a was discovered through bidding on the BSE–Electronic Bidding Platform. The issue was oversubscribed by 11 times at a competitive interest rate which reinforcesd the trust placed by investors in THDCIL Corporate Bonds, said the chairman and managing director, THDCIL, R K Vishnoi. “The successful completion of Bond Series XIII reflects the strong confidence of investors in THDCIL’s robust fundamentals, prudent financial management and consistent operational performance,” he added.
THDCIL has issued a total of 13 series of Bonds and has successfully raised funds amounting to Rs 10,442 crore from the corporate debt market.
