Lloyds Metals Allots ₹700 Cr NCDs

Lloyds Metals and Energy Limited has approved the allotment of 70,000 Non-Convertible Debentures (NCDs) with a face value of ₹1,00,000 each, totaling ₹700 Crores. These are 9.02% Senior, Secured, Listed, Rated, Redeemable, and Transferable NCDs, issued on a private placement basis. The NCDs have a tenor of 10 years, with a maturity date of August 6, 2036. The company has secured these NCDs with a first charge on its movable plant and machinery at its Grinding Unit and DRI Konsari facilities. The issue has received credit ratings of 'IND AA/Stable' from India Ratings and 'Crisil AA/Stable' from Crisil Ratings.