IVRCL Infra issues debentures to 8 banks

The Hyderabad-based infrastructure major IVRCL Infrastructures & Projects has issued 1,050 secured redeemable non-convertible debentures of Rs 10 lakh each for cash at par, aggregating to Rs 105 crore to eight banks, with a coupon rate of 8.85 per cent per annum payable yearly, repayable at the end of 17 months and to be listed on National Stock Exchange.

The debentures have been allotted on November 27, 2009.