SEIL Energy raises Rs250 cr

New Delhi: SEIL Energy India Limited, a leading independent power producer, has raised Rs250 crore in debt through its maiden 5-year bonds issue on the BSE. According to information available on BSE, the five-year bond issue (Non-Convertible Debentures or NCDs) carry a coupon of 8.45 per cent and would mature on June 18, 2029.

The bond issue was fully subscribed through private placement, reflecting investor confidence. The proceeds from this issuance will be utilised for refinancing the existing debt of SEIL Energy India Ltd (SEIL), sources aware of the matter said. 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.