UltraTech Cement plans ₹5,000 crore bond funding
pre-market1 source ↓written by the desknot a recommendation
- through rupee bonds
- ₹5,000 crore
- have maturities
- 2.5
- 3.5
- 5 years
- annual coupons
- 7.22%
UltraTech Cement is negotiating to raise ₹5,000 crore through rupee bonds, marking its largest such funding. The bonds will have maturities of 2.5, 3.5, and 5 years, with targeted annual coupons of 7.22%, 7.23%, and 7.25%. The company aims to finalize the issuance before the RBI's policy decision on 5 Aug 2023. 📈
This move may enhance liquidity and investor interest in the cement sector, particularly ahead of the central bank's monetary policy update.
Not investment advice. For informational purposes only.