India: Ennore Port to Raise Money for Dredging

Ennore Port Limited has announced a plan to enter the debt capital market to raise funding for dredging, improve port connectivity and set up a coal berth. It will issue tax-free secured, redeemable non-convertible bonds.

The bond issue aggregates up to Rs. 2,500 million, with an option to retain over-subscription up to Rs. 2,500 million aggregating to a total of Rs. 5,000 million.

The Coupon rate for Qualified Institutional Buyers (QIB), Corporate, High Net Worth Individuals (HNIs) has been fixed at 8.36% p.a. for 10 years, 8.75% p.a. for 15 years and 8.75% p.a for 20 years. For Retail Individual Investors, the coupon rate will be 8.61% p.a. for 10 years, 9.00% p.a. for 15 years and 9.00% p.a. for 20 years.

The funds raised through this Issue will primarily be used for capital dredging projects, augmenting the rail and road connectivity to the port and construction of third coal berth for captive use of Tamil Nadu Generation and Distribution Corporation Limited.

Press Release, February 18, 2014

Share this article

Follow Dredging Today

Events>

<< Oct 2019 >>
MTWTFSS
30 1 2 3 4 5 6
7 8 9 10 11 12 13
14 15 16 17 18 19 20
21 22 23 24 25 26 27
28 29 30 31 1 2 3

Eastern Chapter WEDA Fall 2019 Conference

Wednesday (10/16/19) afternoon will start the program with an opportunity to take the Dredging 101 course.

read more >

DREDGING FOR SUSTAINABLE INFRASTRUCTURE INDIA

At this 1-day conference, you will experience what it means to apply this new approach in practice.

read more >

CEDA Dredging Days 2019

The conference is well-attended by professionals representing the entire cross-section of the dredging field…

read more >

Jobs>

Looking to fill a job opening?

By advertising your job here, on the homepage of DredgingToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of DredgingToday.com, you'll reach countless professionals in the sector. For more information, click below....

apply

Dredging jobs in Abu Dhabi at NMDC

National Marine Dredging Company “NMDC” aims to be the largest dredging player in the Arab’s Gulf region...

apply