LIC subscribes to Rs 5,000 crore bond issue by Adani Ports as part...

LIC subscribes to Rs 5,000 crore bond issue by Adani Ports as part of debt refinancing

Posted

LIC has fully subscribed to Adani Ports' ₹5,000 crore NCD issue, supporting their strategy to replace short-term debt with longer-term, lower-cost options. The 15-year bond, with a 7.75% coupon rate, will fund capital expenditure and refinance existing liabilities. This move extends Adani Group's debt maturity profile, lowering their average cost of funds to 7.92% in fiscal year 2025.

Read Full Article

Please log in to like, share and comment!

Entertainment

5 things to know about Akhil's bride-to-be Zainab

who exactly is Zainab Ravdjee? Here are five things to know about the woman who’s about to...

By 0 0

National

ICC World Cup League-2: Nepal playing against Scotland today

KATHMANDU: The Nepali national cricket team, currently on a tour of Scotland for the ICC World...

By 0 2

National

Nepal’s politics marked by fragility and corruption

Nepal’s political condition can be interpreted through various lenses—some emphasize...

By 0 13

International

Bill Clinton shrugs off Original Sin's 'Biden cognitive decline' claim, says 'he was in good shape'

Former President Bill Clinton has dismissed allegations about Joe Biden's mental fitness,...

By 0 19

International

'End Zionists, Palestine is free': Several injured after shirtless man sets fire near anti-Israel protestors, FBI calls 'targeted terror attack'- Watch video

In Boulder, Colorado, several individuals sustained injuries in what the FBI is investigating as...

By 0 19