Andhra Pradesh State Drinks Corp is planning to give you the second tranche of its bond concern by way of a personal placement over the following few weeks, the corporate’s official mentioned on Friday.
The agency might look to boost round ₹3,700 crore ($457.75 million), which is able to full the borrowing goal for this monetary 12 months, the official mentioned.
“We might faucet the market in late-November or early-December,” the official mentioned.
The notes carry a company assure from the Andhra Pradesh authorities and are provisionally rated AA(CE) by India Scores.
In June, the corporate raised ₹8,305 core by way of 10-year bonds at a coupon of 9.62 per cent, payable quarterly.