New Delhi, Leading independent power producer SEIL Energy India Limited has raised debt of Rs 250 crore through its maiden 5-year bond issuance on BSE.
According to information available on BSE, the five-year bond issue (non-convertible debentures or NCDs) has a coupon of 8.45 per cent and will mature on June 18, 2029.
The bond issue was fully subscribed through private placement, indicating investor confidence.
Sources with knowledge of the matter said the proceeds from the issue will be used to refinance the existing debt of SEIL Energy India Ltd (SEIL).
The issuance underlines the strong operational and financial health of the company. The successful bond issuance is in line with SEIL's strategic objectives of optimizing its capital structure and reinforces its commitment to deliver value to its investors and customers.
SEIL operates 2,640 MW of supercritical thermal power assets, supplying power to major distribution companies (DISCOMs) in Telangana and Andhra Pradesh and Bangladesh through long-term power purchase agreements.
SEIL, formerly Sembcorp Energy India Limited, has a supercritical thermal power generation complex located in Nellore district of Andhra Pradesh. With 4x660MW operational units, SEIL helps meet the energy needs of the region.
According to information available on BSE, the five-year bond issue (non-convertible debentures or NCDs) has a coupon of 8.45 per cent and will mature on June 18, 2029.
The bond issue was fully subscribed through private placement, indicating investor confidence.
Sources with knowledge of the matter said the proceeds from the issue will be used to refinance the existing debt of SEIL Energy India Ltd (SEIL).
The issuance underlines the strong operational and financial health of the company. The successful bond issuance is in line with SEIL's strategic objectives of optimizing its capital structure and reinforces its commitment to deliver value to its investors and customers.
SEIL operates 2,640 MW of supercritical thermal power assets, supplying power to major distribution companies (DISCOMs) in Telangana and Andhra Pradesh and Bangladesh through long-term power purchase agreements.
SEIL, formerly Sembcorp Energy India Limited, has a supercritical thermal power generation complex located in Nellore district of Andhra Pradesh. With 4x660MW operational units, SEIL helps meet the energy needs of the region.
