What's New
- Rayzon Solar to file draft papers for Rs 1,500-cr IPO
Rayzon Solar Ltd, a Surat-based solar panel manufacturer, is preparing to file draft papers with SEBI by the end of this month for an IPO of approximately ₹1,500 crore.
- CreditAccess Grameen secures USD 100 mn multi-currency syndicated social loan facility
CreditAccess Grameen Ltd. has secured a USD 100 million multi-currency syndicated social loan facility, marking a first for India's microfinance sector. The ECB facility, comprising JPY and USD, was raised from banks in South Asia and the Far East. Standard Chartered Bank led the transaction, which adheres to CA Grameen's Social Loan Framework.
- Vedanta Resources seeks $550 million refinancing
Vedanta Resources is in talks with lenders from the Middle East, Europe, and Japan to refinance a $550 million credit facility maturing in 2026. The refinancing aims to prepay a high-cost loan with an 18% coupon, potentially saving the company around $47 million with significantly lower interest rates. Discussions are underway with several banks to secure the new facility.
- India's REC gets nod to sell deep-discount debt for a second time, document shows
US-INDIA-DEBT-BONDS-India's REC gets nod to sell deep-discount debt for a second time, document shows
- Adani Airports secures $750 million global financing to further boost growth
Adani Airports Holdings Ltd (AAHL) on Wednesday said it has raised $750 million via External Commercial Borrowings (ECB) from a consortium of international banks.