PNS/ RISHIKESH
The chairman and managing director, THDC India Limited R K Vishnoi expressed happiness over the investors’ response to the bonds issued by the public sector unit. He said that its corporate bonds series XII of Rs 700 Cr had been oversubscribed by almost eight times, highlighting its financial success. The director (Finance) and CFO, THDCIL Sipan Kumar Garg informed that the issue comprises of unsecured, redeemable, non-convertible, noncumulative and taxable bonds in the nature of debentures with a base size of Rs 200 Cr and a green shoe option of Rs 500 Cr with a tenor of 10 years. He further informed that this series of debentures have been issued to partly meet debt requirements of ongoing and under-construction projects.
