SEIL Energy India Raises Rs 250 Crore In Inaugural 5-Year Bond Issue
The bond issue was fully subscribed through private placement, reflecting investor confidence.
SEIL Energy India Limited, an independent power producer, has raised Rs 250 crore through its inaugural five-year bond issue on the BSE. As per information available on the BSE, these five-year bonds, issued as non-convertible debentures, carry a coupon of 8.45% and are set to mature on June 18, 2029.
The bond issue was fully subscribed through private placement, reflecting investor confidence. The funds raised from this offering will be used to pay off SEIL's current debt, according to a PTI report.
This issuance underscores the company's robust operations and financial health. The successful bond issuance aligns with SEIL's strategic objectives to optimise its capital structure and reinforces its commitment to delivering value to its investors and customers.
SEIL Energy India Limited, formerly known as Sembcorp Energy India Ltd., operates 2,640 MW of supercritical thermal power assets, providing power to major distribution companies in Telangana, Andhra Pradesh, and Bangladesh through long-term power purchase agreements.
SEIL's supercritical thermal power generation complex is located in the Nellore district of Andhra Pradesh. The complex comprises four operational units of 660 MW each, contributing significantly to the region's energy supply needs.
(With Inputs From PTI).
