Lloyds Metals and Energy Limited has successfully concluded the allotment of 75,000 Unsecured, Senior, Rated, Non-Convertible Debentures (NCDs). The private placement raised a total of INR 750 crore. The debentures were fully subscribed through the electronic platform, reflecting strong investor confidence in the company’s financial position. The instruments carry a coupon rate of 8% per annum and have a tenure of 6 years, with a scheduled maturity date of May 7, 2032.
Successful Capital Raise
The company has successfully finalized its private placement of non-convertible debentures, securing INR 750 crore to support its strategic objectives. This issuance involved the allotment of 75,000 debentures, each with a face value of INR 1,00,000. The offer was fully subscribed via the electronic book provider platform, underscoring robust market demand for the company’s debt instruments.
Key Terms and Repayment Schedule
The newly issued debentures come with an annual coupon rate of 8%, payable on a semi-annual basis. Interest payments are scheduled every September 30 and March 31 throughout the 6-year tenure of the security. The principal amount is set to be redeemed in full on the maturity date of May 7, 2032.
Strong Credit Profile
The debentures have been assigned a credit rating of IND AA/Stable by India Ratings and Research Private Limited and Crisil AA/Stable by Crisil Ratings Limited. These ratings reflect the stable financial outlook of the organization and its capacity to meet debt obligations, providing investors with confidence in the credit quality of the underlying instruments.
Source: BSE
