Private Placements – November 2020
During November 2020, 131 issuers in total have raised Rs 484.35 billion through private placements. NABARD has raised Rs 72.3 billion by issuing 4 bonds. NHAI has raised Rs 50 billion by issuing 1 bond with 17 years maturity at spreads of 59 bps. HDFC Ltd. has raised Rs 30 billion by issuing a 5-year maturity bond, at a spread of 57 bps. Adani Properties Pvt. Ltd. has raised Rs 28.4 billion by issuing 2-years maturity zero coupon bond.
Rating Updates - November 2020
During November 2020, CRISIL reaffirmed long term rating of major issuers like Kotak Securities Limited, ReNew Wind Energy (AP) Private Limited, Ambuja Cements Limited, The Federal Bank Limited, TVS Credit Services Limited.
India Rating reaffirmed long term ratings of major issuers like Tata Capital, Tata Capital Financial Services, Tata Capital Housing Finance Ltd, while it assigned a rating to issuers like Fed bank Financial Services Limited, Union Bank of India.