Satin Creditcare plans $20 million bond issue
Microfinance lender Satin Creditcare Network announced plans to raise $20 million through dollar-denominated bonds. These bonds are slated for allotment on May 27 and will feature a SOFR-linked coupon, set at 310 basis points above the six-month SOFR. Interest payments will be made semi-annually.
Companies look to shrink issue sizes to get IPOs pass through
At least 10 companies are considering reducing their planned IPO sizes to ensure successful listings amid declining investor appetite. This flexibility, allowed by the capital market regulator, permits companies to cut issue sizes by up to half without refiling. Sectors like NBFC, jewellery, and healthcare are among those exploring this option to navigate current market […]
Canara Bank invites bids for Rs 509 crore loan of Rajesh Exports
Canara Bank is selling a ₹509.37 crore loan given to Rajesh Exports. The bank is looking for buyers for this distressed debt. This move comes as the bank awaits a decision on its bankruptcy plea against the jewellery firm. Rajesh Exports is a major gold jewellery producer. The bank aims to recover its dues through […]