Mauritius-based IndusInd International Holdings (IIHL), through its subsidiary Cyqure India, plans to raise βΉ3,000 crore by issuing 14.50% non-convertible debentures (NCDs) maturing in 2028. These NCDs, set to be zero-coupon, senior secured, listed, rated, and redeemable, will be used to finance IIHL’s acquisition of Anil Ambani-promoted Reliance Capital (RCap). The issuance will have a 42-month…
READ MOREThe Reserve Bank of India’s commentary and inflation forecasts may not provide visibility on when rates may fall but swap traders are betting on a 50 basis-point cut in local borrowing costs starting February 2025 as central banks globally start tilting towards a softer monetary policy. A basis point is a hundredth of a percentage…
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