MAHINDRA INDUSTRIAL PARK TO ISSUE SUI BONDS
Article Abstract:
Mahindra Industrial Park Ltd (MPIL) will float Step Up Interest (SUI) bonds to part finance its Rs215 crore industrial park project coming up near Chennai. The development and marketing of the park will be completed in the next 5-6 years. MPIL plans to float debt instruments to garner Rs61 crore. MPIL is a joint venture of Mahindra & Mahindra (M&M), Infrastructure Leasing and Financing Corporation (IL&FS) and the Tamil Nadu Industrial Development Corporation (Tidco). Tidco holds 11 percent stake in MPIL, IL&FS 30 percent, M&M 40 percent and the balance will be offered to other promoters. (gs)
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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VIDARBHA IRRIGATION BOND ISSUE
Article Abstract:
Credit Analysis and Research Ltd has given an AA-(so) rating to the Rs300 crore bond programme of Vidarbha Irrigation Development Corporation. The issue, which consists of regular return bonds with a coupon rate of 15 percent, carries an unconditional and irrevocable guarantee from the government of Maharashtra. (khr)
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1999
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