DLF Cyber City Developers Limited (DCCDL), a subsidiary of DLF Limited, has approved the allotment of 1,00,000 senior, rated, listed, secured, redeemable, non-convertible debentures (NCDs) with a face value of ₹1,00,000 each. The NCDs have a tenure of 4 years and 6 months and carry a coupon rate of 6.98% p.a. The total principal amount is ₹1,000 crore.
NCD Allotment Details
DLF Cyber City Developers Limited (DCCDL), a material subsidiary of DLF Limited, has announced the approval for the allotment of Non-Convertible Debentures (NCDs). This allotment, approved by the Securities Allotment Committee, involves 1,00,000 NCDs.
Key Terms
The NCDs are senior, rated, listed, secured, redeemable, and transferable, each with a face value of ₹1,00,000. The total allotment amounts to ₹1,000 crore (Rupees One Thousand Crore only). The NCDs carry a coupon rate of 6.98% per annum and have a tenure of 4 years and 6 months from the allotment date. These NCDs are issued on a private placement basis to eligible investors.
Listing and Disclosure
The NCDs of DCCDL are listed on BSE Limited. The company confirms that requisite disclosures regarding the allotment have already been made to BSE Limited.
Source: BSE