![Zee to raise $239 mn via FCCBs](https://images.assettype.com/fortuneindia%2F2023-06%2Fd03ecdcd-9cab-4f0c-9c86-79ce4dc528eb%2FZEE__2___1_.jpg?rect=0,24,1024,512&w=300&q=95)
Zee to raise $239 mn via FCCBs
These FCCBs would be issued to Resonance Opportunities Fund, St. John's Wood Fund Ltd. and Ebisu Global Opportunities
These FCCBs would be issued to Resonance Opportunities Fund, St. John's Wood Fund Ltd. and Ebisu Global Opportunities
This is the sixth infra bond issued by the PSU bank; the proceeds will be used for funding infrastructure and affordable housing segments.
Investor Mark Mobius discusses the inherent risks in India's entrepreneurial ecosystem and the importance of disciplined investing
India’s investment landscape is diverse, catering to various financial goals, risk appetites, and time horizons.
CRISIL expects the outstanding size of the bond market to more than double from ₹43 lakh crore as of last fiscal to ₹100-120 lakh crore by fiscal 2030.
SBI’s infra bonds had a base issue size of ₹4,000 crore and a greenshoe option of ₹6,000 crore.
"It is a welcome development showing confidence in the Indian economy," says Ajay Seth, secretary, department of economic affairs (DEA).
The current regulatory framework for surety bonds presents the general insurance industry with a unique opportunity to diversify their portfolio, says IRDAI chairman.
Pricier overseas borrowing, higher bank loan rates and large issuances triggered the demand for corporate bonds.
The private lender proposes to raise funds by issuing debt securities over the period of next twelve months.