THDC Corporate Bonds issued in Series XII of Rs. 700 crore to be listed at BSE and NSE

State-owned THDC India Limited achieved another milestone as its Corporate Bonds Series XII of Rs. 700 Crore which was oversubscribed by almost 8 times, highlighting its Financial success. Shri R. K. Vishnoi, Chairman and Managing Director, THDCIL, expressed his appreciation to the investors for their ecstatic response to the bond issuance.

He added that this is a testament to the confidence of investors in THDCIL’s financial prudence and its stellar operational performance over the years.

He also highlighted that the market confidence has been further enhanced due to the monumental achievement of the announcement of the Commercial Operation Date of Unit 1 of the 1320 MW Khurja Super Thermal Power Plant on 25 January 2025.

Join PSU Connect on WhatsApp now for quick updates! Click here

Read Also : Trump Signs Executive Order for DOGE Deregulatory Initiative

Shri Sipan Kumar Garg, Director (Finance) and CFO, THDCIL while noting the tremendous reaction from the market informed that the issue comprises unsecured, redeemable, non-convertible, non-cumulative, taxable Bonds like debentures, with a base size of Rs 200 Crore and a green shoe option of Rs 500 Crore, i.e. total issue size of Rs 700 Crore, with a tenor of 10 years.

He also informed that this series of debentures have been issued to partly meet debt requirements of ongoing and under-construction projects, including recoupment of expenditure already incurred and refinance the existing loans.

 

Read Also : BPCL secures Gold Award for Human Capital Management

The Company is currently rated “AA Outlook Positive” by India Ratings and “AA Outlook Stable” by CARE, emphasizing the company’s financial stability and strong credit profile.

The bidding for the Series XII Bonds issue took place on February 14, 2025, at THDCIL’s Corporate Office in Rishikesh in the presence of Shri A.K. Garg, GM, Shri Himangshu Chakraborty AGM(Finance-Budget),  Ms. Rashmi Sharma, Company Secretary, THDCIL and Ms. Hemlata Agarwal, BSE Head Northern Region, Fixed Income.

The competitive coupon rate of 7.73% p.a. was discovered through bidding on BSE–Electronic Bidding Platform. The issue was oversubscribed by 8 times with a competitive interest rate, which further reinforces the trust placed in THDCIL Corporate Bonds.

As of present, THDCIL has issued a total of 12 series of Bonds and has successfully raised funds amounting to Rs. 9842 Crore from the corporate debt market. All of the Bonds issued by THDCIL have generated significant market interest, reflecting sustained market confidence in the company.

Read Also : IREDA, Tata Technologies to join F&O segment from March series as per NSE data