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    Merck has doubled its high-potent active pharmaceutical ingredients (HPAPI) production capacity with the expansion of its facility in Verona, near Madison, Wisconsin, USA.

    Merck Opens €59 Million CDMO Facility to Address Demand for Critical Cancer Therapies

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Viele Kaffeeanbauer in Brasilien nutzen die Trainingsprogramme von Bayer, die ihnen technische Unterstützung und Bildungsmöglichkeiten bieten, um möglichst hochwertige Ernten einzufahren.

    Bayer and ADM partner to build and implement a Sustainable Crop Protection Model for Soybean Farmers

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    (From left): Icon players Mithun Manjunath, Raghu Mariswamy, Daniel Farid and Sai Pratheek after the auction of the GPBL that concluded here on Sunday

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Aadhar Housing Finance (AHFL) to raise up to 1,400 crore via NCDs

The issue will open on 14 September and close on 28 September.

FWM by FWM
September 13, 2018
in Business
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Mr.Deo Shankar Tripathi | Managing Director & CEO

Mr.Deo Shankar Tripathi | Managing Director & CEO

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Bengaluru 12th Sep 2018: Aadhar Housing Finance (AHFL) wednesday said it is planning to raise up to 1,400 crore through non-convertible debentures (NCDs), maturing in three, five and 10 years. The base size of the issue is 500 crore, with an option to retain over subscription up to 900 crore.

“At least 75% of the proceeds of the issue will be used for lending, financing and repayment of interest and principal of existing borrowings of the company. The balance will be used for general corporate purposes,” said Mr.Deo Shankar Tripathi, Managing Director and Chief executive officer, AHFL. addressing the press conference in Bengaluru.

The company is offering an annual coupon of 9.60%, 9.65% and 9.75% on the three, five and 10-year bonds, respectively. The issue will open on 14 September and close on 28 September.

AHFL provides affordable housing financing products to economical weaker section and low-income group in small cities and towns.

The Lead Managers to the Issue are YES Securities (India) Limited, Edelweiss Financial Services Limited, YES Bank Limited, Axis Bank Limited, A. K. Capital Services Limited, Green Bridge Capital Advisory Private Limited and Trust Investment Advisors Private Limited.

 

Tags: A. K. Capital Services LimitedAadhar Housing Finance (AHFL)Axis Bank LimitedEdelweiss Financial Services LimitedGreen Bridge Capital Advisory Private Limitednon-convertible debentures (NCDs)Trust Investment Advisors Private Limited.YES Bank Limited
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