By Sarah Lizee
Olympia, Wash., Sept. 17 – Sadbhav Engineering Ltd. disclosed details of its Rs. 1.9 billion of 9.9% senior unsecured redeemable nonconvertible debentures due 2021 in a Bombay Stock Exchange notice on Monday.
The 1,900 debentures, with a face value of Rs. 1 million each, were issued in a private placement.
The debentures will be listed on the wholesale debt market segment of the BSE Ltd.
The issue was approved by the company’s finance and investment committee at a meeting held on Friday, according to a previous notice.
Sadbhav is a civil engineering company based in Ahmedabad, India.
| Issuer: | Sadbhav Engineering Ltd.
|
| Issue: | Senior unsecured redeemable nonconvertible debentures
|
| Amount: | Rs. 1.9 billion
|
| Maturity: | Sept. 14, 2021
|
| Coupon: | 9.9%
|
| Allotment date: | Sept. 14
|
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