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NEW DELHI: Fund raising through issuance of debentures dropped 29 per cent to Rs 10,587 crore in 2020-21 due to decline in credit ratings and escalated risk of default on COVID-19 induced disruptions in capital intensive businesses.
Going forward, experts say, the ongoing financial year (2021-22) will see some attractive numbers in non-convertible debenture (NCD) fund raising. We should see money mobilization through NCD route to the tune of 2018-19 levels in FY22 as many companies are entering capex cycle, GDP is projected to grow in double digits and bond yields have started to go up making more case for NCD issuances, Divam Sharma, co-founder at Green Portfolio, said.
As a safety measure, Chenle went into his fourteen-day isolation period after being tested negative.
In addition, the other NCT DREAM members also took a test as they are currently preparing fo their comeback along with Chenle, which fortunately, also came up negative for all.
Who is NCT DREAM?
NCT DREAM is a sub-unit of NCT, formed by SM Entertainment in 2016. The group consists of members who are the youngest among all NCT members: Mark, Renjun, Jeno, Haechan, Jaemin, Chenle and Jisung, and was originally branded as a youthful group.
Initially, NCT DREAM followed a graduation system in which members would graduate once they reach adulthood or 20 years old in Korean age. Due to this, member Mark graduated from the unit group in 2019.
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Mar 31, 2021
On Thursday, Apr. 1, at 12 MN KST, K-Pop Radar updated their monthly chart to show the growth of the social media accounts of idols and K-pop groups.
BTS, NCT Taeyong, ASTRO Cha Eun Woo, and more are the male K-pop artists who gained the most Instagram followers in Mar. 2021. Keep on reading to see who also made it to the list!
BTS is the Male K-Pop Group That Gained the Most Instagram Followers in March 2021
BTS s Instagram account, @bts.bighitofficial, is the male K-pop group that gained the most followers in Mar. 2021. The Instagram account gained 1,397,218 followers in Mar. 2021, bringing their total Instagram follower count to 39,350,614.
DLF plans to raise up to Rs 500 cr through issue of NCDs
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The board has approved the issuance of Secured, Rated, Listed, Redeemable Non-Convertible Debentures (NCDs) at a coupon rate of 8.25% per annum.
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Thr company is also restructuring existing loans with a target of saving Rs 300 crore annually, taking advantage of the benign interest rate environment.
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DLF said it plans to raise Rs 500 crore through issue of non-convertible debentures (NCDs).
“The board has approved the issuance of Secured, Rated, Listed, Redeemable Non-Convertible Debentures (NCDs) at a coupon rate of 8.25% per annum with an aggregate principal amount of up to Rs500 crores on a private placement basis, in one or more tranches to certain eligible investors permitted to invest in the NCDs under the applicable laws,” it said in a stock exchange filing.
Kesoram Industries looking to raise ₹1,604 crore via NCD route
March 16, 2021
The securities carry a coupon that increases in stages The BK Birla Group company, Kesoram Industries Ltd, is looking to raise close to ₹ 1,604 crore through the issuance of non-convertible debentures (NCD) on a private placement basis.
The NCD, which matures in February 2026, will give a yield of around 20.75 per cent.
“The Fund Raising Committee, as authorised by the Board, at its meeting held on March 16, 2021, has approved the allotment of 16,035 senior, secured, listed, rated and redeemable non-convertible debentures of a face value of ₹10,00,000 each aggregating to ₹1,603.50 crore on private placement basis, on the terms and conditions as mentioned in the information memorandum,” the company said in a notification to stock exchanges on Tuesday.