IRB Infrastructure issues US$200 million senior secured notes | Business Upturn

Top Stories

Government increases LPG allocation for industries to 70% of pre-crisis levels; Petroleum Secretary writes to states Iran Rejects US Proposal and Calls Talks a Third Deception — And Now Sirens Are Sounding in Northern Israel Iran Has Responded to the US 15-Point Proposal — Here Are Tehran’s Conditions and Why It Called the Talks a Deception Trump slams NATO for “doing nothing” on Iran, says US needs nothing from allies Viral Video: Internet divided over Priyanka Chopra’s ‘awkward’ interaction with Anne Hathaway and Dua Lipa at Bvlgari Event Iran demands recognition of sovereignty over Strait of Hormuz as ‘legal right’ Setback for Dr Reddy’s as Delhi High Court asks company to halt Olympiq drug sales 11 Airlines Dead in 10 Years — Why India Is One of the Hardest Countries in the World to Run an Airline Government increases LPG allocation for industries to 70% of pre-crisis levels; Petroleum Secretary writes to states Iran Rejects US Proposal and Calls Talks a Third Deception — And Now Sirens Are Sounding in Northern Israel Iran Has Responded to the US 15-Point Proposal — Here Are Tehran’s Conditions and Why It Called the Talks a Deception Trump slams NATO for “doing nothing” on Iran, says US needs nothing from allies Viral Video: Internet divided over Priyanka Chopra’s ‘awkward’ interaction with Anne Hathaway and Dua Lipa at Bvlgari Event Iran demands recognition of sovereignty over Strait of Hormuz as ‘legal right’ Setback for Dr Reddy’s as Delhi High Court asks company to halt Olympiq drug sales 11 Airlines Dead in 10 Years — Why India Is One of the Hardest Countries in the World to Run an Airline

HOME /BUSINESS/CORPORATES

IRB Infrastructure Developers Limited has successfully issued US$200 million in 7.11% senior secured notes due 2032. These new notes will be consolidated with the existing US$540 million notes issued earlier, creating a single series of senior secured notes, all carrying the same 7.11% per annum fixed rate. The interest on these notes will be paid semi-annually, with the final maturity date set for March 11, 2032.

The notes, which are listed on the India International Exchange (India INX), will be used to fund capital expenditures or refinance existing loans. IRB continues to strengthen its financial position through these strategic financing moves, ensuring steady growth and expansion

Add us as preferred source on Google

TOPICS: IRB Infrastructure