Private Placements – July 2021
During July 2021, 103 issuers in total raised Rs 372.56 billion through private placements. IRFC Ltd. raised Rs 76.74 billion by issuing 2 bonds with 10-years and 15-years maturity. NABARD raised Rs 54.56 billion by issuing 2 bonds with 3-years & 15-years maturity. Mumbai International Airport raised Rs 40.27 billion by issuing 3 bonds with 1 & 2 years of maturity.
Rating Updates – June 2021
During July 2021, India Rating affirmed credit rating of issuers including Bharti Airtel Limited, Hindustan Zinc Limited, NTPC BHEL Power Projects Private Limited, Reliance Jio Infocomm Limited, Export-Import Bank of India, West Bengal State Electricity Transmission Company Limited, Kribhco Fertilizers Limited, Grasim Industries Limited while it assigned rating to issuers including Hindalco Industries Limited, Ramkrishna Forgings Limited, Infina Finance Private Limited etc.
During the mentioned month, ICRA affirmed ratings of major issuers including Fincare Small Finance Bank Limited, Dewan Housing Finance Corporation Limited, Aadhar Housing Finance Ltd, Dr. Reddy’s Laboratories Limited, Bharat Forge Limited, Toyota Financial Services India Limited, HPCL-Mittal Energy Limited, Muthoot Finance Limited, Intertex Private Limited, Mehsana District Cooperative Milk Producer’s Union Limited, Emerald Jewel Industry India Limited while it assigned rating to GMM Pfaudler Limited etc.