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DLF Cyber City Developers raises Rs 1000 cr via NCD issuance

Capital Market 

DLF announced that DLF Cyber City Developers (DCCDL), a material subsidiary Company, has approved allotment of 10,000 Senior, Secured, Rated, Listed Redeemable Non-Convertible Debentures (NCDs) with 'CRISIL AA/ Stable' rating of the face value of Rs 10,00,000/- each at a coupon rate of 6.7% p.a. (~6.5% p.a.p.m.), payable on annual basis, with an aggregate principal amount of Rs 1,000 crore (Date of Maturity: 30 September 2024) on private placement basis, to certain eligible investors.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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First Published: Tue, November 23 2021. 10:23 IST