"The Hazaribagh Ranchi Expressway Limited, a subsidiary of the company, has re-financed its debts including senior debt amounting to Rs 715 crore availed for development of section of NH-33... In the state of Jharkhand by issue of non- convertible debentures," IL&FS Transportation Networks Ltd said in a BSE filing.
The company added that the NCDs carry a weighted average coupon rate of 8.56 per cent payable semi-annually resulting in savings of approximately 282 basis points in interest cost.
Shares of IL&FS Transportation Networks Ltd were trading 1.88 per cent lower at Rs 101.75 on BSE.
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