Piramal Enterprises : Finance Raises $150 Million from International Markets
Summary
None Improvement in pricing by 87 bps from the last bond issuance by the Company in July 2024.Mumbai, October 4, 2024: Piramal Capital & Housing Finance Limited (Piramal Finance), a leading diversified financial services company and wholly owned subsidiary of Piramal Enterprises Limited (PEL), has successfully priced the tap issuance of its inaugural US dollar bond issued in July this year to raise additional USD 150 million from international capital markets. The deal attracted high-quality demand, with 95% of funds raised from asset managers, 5% from others including banks and private banks.Mr. Jairam Sridharan, Managing Director, Piramal Capital & Housing Finance Ltd, said, "We are pleased with the confidence global investors have placed in our business. India offers an exciting investment landscape, and we are delighted to provide global investors the opportunity to participate in the nations growth journey. At the same time, we remain focused on promoting sustainable development and enhancing credit access for a vast number of underserved citizens across the country."