Private Placements – January 2021
During January 2021, 67 issuers in total have raised Rs 326.45 billion through private placements. NABARD has raised Rs 61.08 billion by issuing 2 bonds. Embassy Office Park REIT has raised Rs 26 billion by issuing 1 bond with 4-years maturity at spreads of 218 bps. NTPC has raised Rs 25 billion by issuing 1 bond with 10-year maturity at spreads of 43 bps. HDFC Ltd. has raised Rs 20 billion by issuing 1 bond with 10-years maturity at 82 bps spread, respectively.
Rating Updates – January 2021
In January 2021, CRISIL reaffirmed ratings of major issuers like Power Finance Corporation Limited, India Grid Trust, Excel Industries Limited, Apollo Hospitals Enterprise Limited, Fortis Healthcare Limited, Bharat Dynamics Limited Bodal Chemicals Limited while it assigned ratings to 3i Infotech Limited along with rating up-gradation of long-term credit facilities of Endurance Technologies.
India Rating reaffirmed ratings of major firms like NTPC, Cipla Limited, India Grid Trust, Indian Oil Corporation, Andhra Pradesh State Financial Corporation, IL&FS Infrastructure Debt Fund, Shriram City Union Finance Limited, Ulundurpet Expressways Private Limited while it assigned ratings to issuers like Shriram Transport Finance Company Limited, Indradhanush Gas Grid Limited, ICOMM Tele Limited etc.