DHFL pays interest and principal of Rs 832 crore to bond investors

Dewan Housing Finance Company (DHFL) has paid interest and principal amount, aggregating Rs 832 crore, to investors on debentures on Tuesday.
 
These non-convertible debentures were issued on a private placement basis, DHFL said in a statement.
 
Meanwhile, rating agency Icra downgraded the rating for DHFL’s Rs 850-crore commercial paper (CP) from “A2+” to “A3+” on further deterioration in the company’s liquidity profile. The rating continues to be on watch with negative implications.
 
The liquidity profile has deteriorated, owing to delays in the sale of the project loan book, as well as the lack of fresh on-book funding