![\"<p>Reliance](\"\/\/www.iser-br.com\/Themes\/Release\/images\/responsive\/ettelecom-default.jpg\")
Reliance Industries<\/a> will likely subscribe to the bonds, which will replace a long-term credit facility, a move that generally extends immediate repayment liabilities. This is a record fund-raising by bonds issued in one shot via private placement.
The bonds will mature in the next 11 years, offering put\/call options in the first one-and-a-half years. Such options may be aimed at resetting interest rates while allowing the issuer\/investors an exit route well before the scheduled maturity, bond dealers said. Bonds are expected to offer 7.97 percent, which is priced after adding a mark up over and above SBI MCLR, a benchmark gauge.
The issue will likely open for subscription on Friday through electronic bidding platforms on the BSE and the National Stock Exchange<\/a>.
“The proceeds of the issue are proposed to be used for redeeming existing secured redeemable non-convertible debentures… in part or in full,” Summit wrote in the Investment Memorandum, a copy of which is with ET. The debentures were issued for purposes including capital expenditure in connection with the tower business, it said.
Reliance and Summit Digitel<\/a>, one of the country’s largest telecom infrastructure providers, did not reply to ET’s queries until press time.
Last October, Brookfield<\/a> and a group of investors including Singapore’s GIC completed a deal to buy out Reliance Jio Infratel and renamed the company Summit Digitel Infrastructure.
In December 2019, Reliance Industrial<\/a> Investments and Holdings Ltd., a wholly owned subsidiary of Reliance, had entered into a binding agreement with Brookfield Asset Management<\/a> for an investment of Rs 25,215 crore in units proposed to be issued by the Tower Infrastructure Trust.
Local rating company Crisil rated those proposed bonds triple-A with a stable outlook. Each bond will have a face value of Rs 10 lakh and to be issued at par.
Read also<\/h4><\/a><\/figure>Reliance on board as limited partner in Kalaari Capital’s 4th fund<\/a><\/h5><\/div><\/a><\/figure>Summit Digitel Infrastructure formerly known as Reliance Jio Infratel joins TAIPA<\/a><\/h5><\/div><\/div><\/div>
“The rating also reflects stable cash flows backed by a long-term master service agreement with RJIL and limited downside risks to profitability given the fixed-price terms of its project execution and operations & maintenance agreements,” Crisil said in a note in August, when the country’s economy came to a standstill following the virus-induced lockdown. “With expected rise in data usage over the medium term, demand for towers connected via optical fiber is likely to increase.”
During the first half of the current financial year, the company’s EBITDA has halved to about Rs 1,466 crore. Some of the company’s existing lenders include Bank of Baroda, Punjab National Bank, State Bank of India, HDFC Bank, Axis Bank, ICICI Bank and Union Bank of India.
Summit Digitel is in the business of setting up and maintaining passive tower infrastructure and related assets. The company had a pan-India portfolio of 137,175 operational towers as of January 31.
<\/span>ETTelecom Roundtables: Airtel, Jio, VMWare, Ciena discuss OpenRAN, 5G, use cases and more<\/a><\/div><\/div>
<\/body>","next_sibling":[{"msid":81434257,"title":"Twitter working on a 'big overhaul' of TweetDeck platform","entity_type":"ARTICLE","link":"\/news\/twitter-working-on-a-big-overhaul-of-tweetdeck-platform\/81434257","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[{"msid":"81387749","title":"ETTelecom Roundtables: Airtel, Jio, VMWare, Ciena discuss OpenRAN, 5G, use cases and more","entity_type":"MEDIAVIDEO","seopath":"videos\/ettelecom-roundtables-airtel-jio-vmware-ciena-discuss-openran-5g-use-cases-and-more","category_name":"Videos","synopsis":"Bharti Airtel CTO Randeep Sekhon, Reliance Jio group CTO Shyam Mardikar, VMWare VP & Telco Strategy Sachin Katti, Ciena VP & Country Head Ryan Perera, and STL CTO Badri Gomatam interact with ETTelecom's Danish Khan on Indian telcos' 5G readiness and OpenRAN architecture.","thumb":"https:\/\/etimg.etb2bimg.com\/thumb\/img-size-86474\/81387749.cms?width=150&height=112","link":"\/videos\/ettelecom-roundtables-airtel-jio-vmware-ciena-discuss-openran-5g-use-cases-and-more\/81387749"},{"msid":"73273673","title":"India's telecom sector in a rewind; everything from AGR, BSNL revival, 5G, IUC to tariff hikes in 2019","entity_type":"PHOTOGALLERYSLIDESHOWSECTION","seopath":"slide-shows\/indias-telecom-sector-in-a-rewind-everything-from-agr-bsnl-revival-5g-iuc-to-tariff-hikes-in-2019","category_name":"Slide-Shows","synopsis":"ETT brings a slideshow on Indian telecom sector developments in 2019","thumb":"https:\/\/etimg.etb2bimg.com\/thumb\/img-size-3313303\/73273673.cms?width=150&height=112","link":"\/slide-shows\/indias-telecom-sector-in-a-rewind-everything-from-agr-bsnl-revival-5g-iuc-to-tariff-hikes-in-2019\/73273673"}],"msid":81434420,"entity_type":"ARTICLE","title":"Brookfield-backed Summit Digitel to raise Rs 11,836 crore, RIL may invest","synopsis":"Reliance Industries will likely subscribe to the bonds, which will replace a long-term credit facility, a move that generally extends immediate repayment liabilities. This is a record fund-raising by bonds issued in one shot via private placement.","titleseo":"telecomnews\/brookfield-backed-summit-digitel-to-raise-rs-11836-cr-ril-may-invest","status":"ACTIVE","authors":[{"author_name":"Saikat Das","author_link":"\/author\/479193971\/saikat-das","author_image":"https:\/\/etimg.etb2bimg.com\/authorthumb\/479193971.cms?width=100&height=100","author_additional":{"thumbsize":true,"msid":479193971,"author_name":"Saikat Das","author_seo_name":"saikat-das","designation":"Sr Asst Editor","agency":false}},{"author_name":"Devina Sengupta","author_link":"\/author\/479252477\/devina-sengupta","author_image":"https:\/\/etimg.etb2bimg.com\/authorthumb\/479252477.cms?width=100&height=100","author_additional":{"thumbsize":true,"msid":479252477,"author_name":"Devina Sengupta","author_seo_name":"devina-sengupta","designation":"Assistant Editor","agency":false}}],"analytics":{"comments":0,"views":4425,"shares":0,"engagementtimems":17135000},"Alttitle":{"minfo":""},"artag":"ETTelecom","artdate":"2021-03-10 20:53:26","lastupd":"2021-03-10 21:38:31","breadcrumbTags":["reliance industries","Brookfield Asset Management","summit digitel infrastructure","Reliance Industrial","ril","summit digitel","Industry","NATIONAL STOCK EXCHANGE","Brookfield"],"secinfo":{"seolocation":"telecomnews\/brookfield-backed-summit-digitel-to-raise-rs-11836-cr-ril-may-invest"}}" data-authors="[" saikat das","devina sengupta"]" data-category-name="" data-category_id="" data-date="2021-03-10" data-index="article_1">
- Telecom乐动扑克News
- 2分钟阅读
Brookfield-backed峰会Digitel筹集11836卢比,瑞来斯可能投资
信实工业可能会订阅的债券,这将取代长期信贷安排,此举通常延伸立即偿还负债。这是一个记录通过私募发行债券筹资的一次机会。
信实工业可能会订阅的债券,这将取代长期信贷安排,此举通常延伸立即偿还负债。这是一个记录通过私募发行债券筹资的一次机会。
孟买:Brookfield-backed峰会Digitel基础设施房子Jio电信塔使用的依赖,通过当地债券筹集11836卢比。
信实工业公司可能会订阅的债券,这将取代长期信贷安排,此举通常延伸立即偿还负债。这是一个记录通过私募发行债券筹资的一次机会。
这些债券将在接下来的11年成熟,提供/第一个半年内看涨期权。这样的选择可能是旨在调整利率,同时允许发行人/投资者退出路线以及在到期日之前,债券交易商表示。债券预计将提供7.97%,定价后添加一个标记在印度国家银行MCLR之上,一个基准衡量。
这个问题可能会开放订阅周五疯牛病和通过电子招标平台国家证券交易所。
“提出问题的收益将用于弥补现有担保可赎回部分或全额不可自由兑换债券…,”峰会在投资备忘录中写道,一个副本的ET。债券发行的目的包括资本支出与塔的业务,它说。
依赖和峰会Digitel,中国最大的电信基础设施提供商之一,没有回复直到截稿时间等的查询。
去年10月,布鲁克菲尔德和一群投资者包括新加坡政府投资公司完成收购了依赖Jio鼓吹和更名为公司峰会Digitel基础设施。
2019年12月,信实工业投资和控股有限公司的全资子公司信实,进入一个具有约束力的协议布鲁克菲尔德资产管理一个投资25215卢比的单位提出塔基础设施信托发行的。
当地的评级公司Crisil的额定提出这些债券aaa评级展望为稳定。每个债券的面值Rs 10十万的,按面值发行。
“评级也反映了一个长期稳定的现金流支持与RJIL主服务协议和有限的盈利能力的固定价格的下行风险的项目执行和操作&维护协议,“Crisil的8月份在一份报告中说,当这个国家的经济陷入停滞后锁定占据。“与预期数据使用在中期内,对塔通过光纤连接的需求可能增加。”
上半年的当前财政年度,公司的息税前利润减少了一半到大约1466卢比。公司现有的银行包括巴罗达银行旁遮普国家银行,印度国家银行,HDFC银行,Axis银行ICICI银行和印度联合银行。
峰会Digitel是建立和维护业务的被动塔基础设施和相关资产。137175年公司有pan-India组合操作塔截至1月31日。
Reliance Industries will likely subscribe to the bonds, which will replace a long-term credit facility, a move that generally extends immediate repayment liabilities. This is a record fund-raising by bonds issued in one shot via private placement.<\/span><\/figcaption><\/figure>Mumbai: Brookfield-backed Summit Digitel Infrastructure<\/a>, which houses telecom towers used by Reliance Jio, is raising Rs 11,836 crore via local bonds.
Reliance Industries<\/a> will likely subscribe to the bonds, which will replace a long-term credit facility, a move that generally extends immediate repayment liabilities. This is a record fund-raising by bonds issued in one shot via private placement.
The bonds will mature in the next 11 years, offering put\/call options in the first one-and-a-half years. Such options may be aimed at resetting interest rates while allowing the issuer\/investors an exit route well before the scheduled maturity, bond dealers said. Bonds are expected to offer 7.97 percent, which is priced after adding a mark up over and above SBI MCLR, a benchmark gauge.
The issue will likely open for subscription on Friday through electronic bidding platforms on the BSE and the National Stock Exchange<\/a>.
“The proceeds of the issue are proposed to be used for redeeming existing secured redeemable non-convertible debentures… in part or in full,” Summit wrote in the Investment Memorandum, a copy of which is with ET. The debentures were issued for purposes including capital expenditure in connection with the tower business, it said.
Reliance and Summit Digitel<\/a>, one of the country’s largest telecom infrastructure providers, did not reply to ET’s queries until press time.
Last October, Brookfield<\/a> and a group of investors including Singapore’s GIC completed a deal to buy out Reliance Jio Infratel and renamed the company Summit Digitel Infrastructure.
In December 2019, Reliance Industrial<\/a> Investments and Holdings Ltd., a wholly owned subsidiary of Reliance, had entered into a binding agreement with Brookfield Asset Management<\/a> for an investment of Rs 25,215 crore in units proposed to be issued by the Tower Infrastructure Trust.
Local rating company Crisil rated those proposed bonds triple-A with a stable outlook. Each bond will have a face value of Rs 10 lakh and to be issued at par.
Read also<\/h4><\/a><\/figure>Reliance on board as limited partner in Kalaari Capital’s 4th fund<\/a><\/h5><\/div><\/a><\/figure>Summit Digitel Infrastructure formerly known as Reliance Jio Infratel joins TAIPA<\/a><\/h5><\/div><\/div><\/div>
“The rating also reflects stable cash flows backed by a long-term master service agreement with RJIL and limited downside risks to profitability given the fixed-price terms of its project execution and operations & maintenance agreements,” Crisil said in a note in August, when the country’s economy came to a standstill following the virus-induced lockdown. “With expected rise in data usage over the medium term, demand for towers connected via optical fiber is likely to increase.”
During the first half of the current financial year, the company’s EBITDA has halved to about Rs 1,466 crore. Some of the company’s existing lenders include Bank of Baroda, Punjab National Bank, State Bank of India, HDFC Bank, Axis Bank, ICICI Bank and Union Bank of India.
Summit Digitel is in the business of setting up and maintaining passive tower infrastructure and related assets. The company had a pan-India portfolio of 137,175 operational towers as of January 31.
<\/a><\/figure>Reliance on board as limited partner in Kalaari Capital’s 4th fund<\/a><\/h5><\/div><\/a><\/figure>Summit Digitel Infrastructure formerly known as Reliance Jio Infratel joins TAIPA<\/a><\/h5><\/div><\/div><\/div>
“The rating also reflects stable cash flows backed by a long-term master service agreement with RJIL and limited downside risks to profitability given the fixed-price terms of its project execution and operations & maintenance agreements,” Crisil said in a note in August, when the country’s economy came to a standstill following the virus-induced lockdown. “With expected rise in data usage over the medium term, demand for towers connected via optical fiber is likely to increase.”
During the first half of the current financial year, the company’s EBITDA has halved to about Rs 1,466 crore. Some of the company’s existing lenders include Bank of Baroda, Punjab National Bank, State Bank of India, HDFC Bank, Axis Bank, ICICI Bank and Union Bank of India.
Summit Digitel is in the business of setting up and maintaining passive tower infrastructure and related assets. The company had a pan-India portfolio of 137,175 operational towers as of January 31.
<\/span>ETTelecom Roundtables: Airtel, Jio, VMWare, Ciena discuss OpenRAN, 5G, use cases and more<\/a><\/div><\/div>
<\/body>","next_sibling":[{"msid":81434257,"title":"Twitter working on a 'big overhaul' of TweetDeck platform","entity_type":"ARTICLE","link":"\/news\/twitter-working-on-a-big-overhaul-of-tweetdeck-platform\/81434257","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[{"msid":"81387749","title":"ETTelecom Roundtables: Airtel, Jio, VMWare, Ciena discuss OpenRAN, 5G, use cases and more","entity_type":"MEDIAVIDEO","seopath":"videos\/ettelecom-roundtables-airtel-jio-vmware-ciena-discuss-openran-5g-use-cases-and-more","category_name":"Videos","synopsis":"Bharti Airtel CTO Randeep Sekhon, Reliance Jio group CTO Shyam Mardikar, VMWare VP & Telco Strategy Sachin Katti, Ciena VP & Country Head Ryan Perera, and STL CTO Badri Gomatam interact with ETTelecom's Danish Khan on Indian telcos' 5G readiness and OpenRAN architecture.","thumb":"https:\/\/etimg.etb2bimg.com\/thumb\/img-size-86474\/81387749.cms?width=150&height=112","link":"\/videos\/ettelecom-roundtables-airtel-jio-vmware-ciena-discuss-openran-5g-use-cases-and-more\/81387749"},{"msid":"73273673","title":"India's telecom sector in a rewind; everything from AGR, BSNL revival, 5G, IUC to tariff hikes in 2019","entity_type":"PHOTOGALLERYSLIDESHOWSECTION","seopath":"slide-shows\/indias-telecom-sector-in-a-rewind-everything-from-agr-bsnl-revival-5g-iuc-to-tariff-hikes-in-2019","category_name":"Slide-Shows","synopsis":"ETT brings a slideshow on Indian telecom sector developments in 2019","thumb":"https:\/\/etimg.etb2bimg.com\/thumb\/img-size-3313303\/73273673.cms?width=150&height=112","link":"\/slide-shows\/indias-telecom-sector-in-a-rewind-everything-from-agr-bsnl-revival-5g-iuc-to-tariff-hikes-in-2019\/73273673"}],"msid":81434420,"entity_type":"ARTICLE","title":"Brookfield-backed Summit Digitel to raise Rs 11,836 crore, RIL may invest","synopsis":"Reliance Industries will likely subscribe to the bonds, which will replace a long-term credit facility, a move that generally extends immediate repayment liabilities. This is a record fund-raising by bonds issued in one shot via private placement.","titleseo":"telecomnews\/brookfield-backed-summit-digitel-to-raise-rs-11836-cr-ril-may-invest","status":"ACTIVE","authors":[{"author_name":"Saikat Das","author_link":"\/author\/479193971\/saikat-das","author_image":"https:\/\/etimg.etb2bimg.com\/authorthumb\/479193971.cms?width=100&height=100","author_additional":{"thumbsize":true,"msid":479193971,"author_name":"Saikat Das","author_seo_name":"saikat-das","designation":"Sr Asst Editor","agency":false}},{"author_name":"Devina Sengupta","author_link":"\/author\/479252477\/devina-sengupta","author_image":"https:\/\/etimg.etb2bimg.com\/authorthumb\/479252477.cms?width=100&height=100","author_additional":{"thumbsize":true,"msid":479252477,"author_name":"Devina Sengupta","author_seo_name":"devina-sengupta","designation":"Assistant Editor","agency":false}}],"analytics":{"comments":0,"views":4425,"shares":0,"engagementtimems":17135000},"Alttitle":{"minfo":""},"artag":"ETTelecom","artdate":"2021-03-10 20:53:26","lastupd":"2021-03-10 21:38:31","breadcrumbTags":["reliance industries","Brookfield Asset Management","summit digitel infrastructure","Reliance Industrial","ril","summit digitel","Industry","NATIONAL STOCK EXCHANGE","Brookfield"],"secinfo":{"seolocation":"telecomnews\/brookfield-backed-summit-digitel-to-raise-rs-11836-cr-ril-may-invest"}}" data-authors="[" saikat das","devina sengupta"]" data-category-name="" data-category_id="" data-date="2021-03-10" data-index="article_1">
- Telecom乐动扑克News
- 2分钟阅读
Brookfield-backed峰会Digitel筹集11836卢比,瑞来斯可能投资
信实工业可能会订阅的债券,这将取代长期信贷安排,此举通常延伸立即偿还负债。这是一个记录通过私募发行债券筹资的一次机会。
信实工业可能会订阅的债券,这将取代长期信贷安排,此举通常延伸立即偿还负债。这是一个记录通过私募发行债券筹资的一次机会。
孟买:Brookfield-backed峰会Digitel基础设施房子Jio电信塔使用的依赖,通过当地债券筹集11836卢比。
信实工业公司可能会订阅的债券,这将取代长期信贷安排,此举通常延伸立即偿还负债。这是一个记录通过私募发行债券筹资的一次机会。
这些债券将在接下来的11年成熟,提供/第一个半年内看涨期权。这样的选择可能是旨在调整利率,同时允许发行人/投资者退出路线以及在到期日之前,债券交易商表示。债券预计将提供7.97%,定价后添加一个标记在印度国家银行MCLR之上,一个基准衡量。
这个问题可能会开放订阅周五疯牛病和通过电子招标平台国家证券交易所。
“提出问题的收益将用于弥补现有担保可赎回部分或全额不可自由兑换债券…,”峰会在投资备忘录中写道,一个副本的ET。债券发行的目的包括资本支出与塔的业务,它说。
依赖和峰会Digitel,中国最大的电信基础设施提供商之一,没有回复直到截稿时间等的查询。
去年10月,布鲁克菲尔德和一群投资者包括新加坡政府投资公司完成收购了依赖Jio鼓吹和更名为公司峰会Digitel基础设施。
2019年12月,信实工业投资和控股有限公司的全资子公司信实,进入一个具有约束力的协议布鲁克菲尔德资产管理一个投资25215卢比的单位提出塔基础设施信托发行的。
当地的评级公司Crisil的额定提出这些债券aaa评级展望为稳定。每个债券的面值Rs 10十万的,按面值发行。
“评级也反映了一个长期稳定的现金流支持与RJIL主服务协议和有限的盈利能力的固定价格的下行风险的项目执行和操作&维护协议,“Crisil的8月份在一份报告中说,当这个国家的经济陷入停滞后锁定占据。“与预期数据使用在中期内,对塔通过光纤连接的需求可能增加。”
上半年的当前财政年度,公司的息税前利润减少了一半到大约1466卢比。公司现有的银行包括巴罗达银行旁遮普国家银行,印度国家银行,HDFC银行,Axis银行ICICI银行和印度联合银行。
峰会Digitel是建立和维护业务的被动塔基础设施和相关资产。137175年公司有pan-India组合操作塔截至1月31日。
Reliance Industries will likely subscribe to the bonds, which will replace a long-term credit facility, a move that generally extends immediate repayment liabilities. This is a record fund-raising by bonds issued in one shot via private placement.<\/span><\/figcaption><\/figure>Mumbai: Brookfield-backed Summit Digitel Infrastructure<\/a>, which houses telecom towers used by Reliance Jio, is raising Rs 11,836 crore via local bonds.
Reliance Industries<\/a> will likely subscribe to the bonds, which will replace a long-term credit facility, a move that generally extends immediate repayment liabilities. This is a record fund-raising by bonds issued in one shot via private placement.
The bonds will mature in the next 11 years, offering put\/call options in the first one-and-a-half years. Such options may be aimed at resetting interest rates while allowing the issuer\/investors an exit route well before the scheduled maturity, bond dealers said. Bonds are expected to offer 7.97 percent, which is priced after adding a mark up over and above SBI MCLR, a benchmark gauge.
The issue will likely open for subscription on Friday through electronic bidding platforms on the BSE and the National Stock Exchange<\/a>.
“The proceeds of the issue are proposed to be used for redeeming existing secured redeemable non-convertible debentures… in part or in full,” Summit wrote in the Investment Memorandum, a copy of which is with ET. The debentures were issued for purposes including capital expenditure in connection with the tower business, it said.
Reliance and Summit Digitel<\/a>, one of the country’s largest telecom infrastructure providers, did not reply to ET’s queries until press time.
Last October, Brookfield<\/a> and a group of investors including Singapore’s GIC completed a deal to buy out Reliance Jio Infratel and renamed the company Summit Digitel Infrastructure.
In December 2019, Reliance Industrial<\/a> Investments and Holdings Ltd., a wholly owned subsidiary of Reliance, had entered into a binding agreement with Brookfield Asset Management<\/a> for an investment of Rs 25,215 crore in units proposed to be issued by the Tower Infrastructure Trust.
Local rating company Crisil rated those proposed bonds triple-A with a stable outlook. Each bond will have a face value of Rs 10 lakh and to be issued at par.
Read also<\/h4><\/a><\/figure>Reliance on board as limited partner in Kalaari Capital’s 4th fund<\/a><\/h5><\/div><\/a><\/figure>Summit Digitel Infrastructure formerly known as Reliance Jio Infratel joins TAIPA<\/a><\/h5><\/div><\/div><\/div>
“The rating also reflects stable cash flows backed by a long-term master service agreement with RJIL and limited downside risks to profitability given the fixed-price terms of its project execution and operations & maintenance agreements,” Crisil said in a note in August, when the country’s economy came to a standstill following the virus-induced lockdown. “With expected rise in data usage over the medium term, demand for towers connected via optical fiber is likely to increase.”
During the first half of the current financial year, the company’s EBITDA has halved to about Rs 1,466 crore. Some of the company’s existing lenders include Bank of Baroda, Punjab National Bank, State Bank of India, HDFC Bank, Axis Bank, ICICI Bank and Union Bank of India.
Summit Digitel is in the business of setting up and maintaining passive tower infrastructure and related assets. The company had a pan-India portfolio of 137,175 operational towers as of January 31.
<\/a><\/figure>Summit Digitel Infrastructure formerly known as Reliance Jio Infratel joins TAIPA<\/a><\/h5><\/div><\/div><\/div>
“The rating also reflects stable cash flows backed by a long-term master service agreement with RJIL and limited downside risks to profitability given the fixed-price terms of its project execution and operations & maintenance agreements,” Crisil said in a note in August, when the country’s economy came to a standstill following the virus-induced lockdown. “With expected rise in data usage over the medium term, demand for towers connected via optical fiber is likely to increase.”
During the first half of the current financial year, the company’s EBITDA has halved to about Rs 1,466 crore. Some of the company’s existing lenders include Bank of Baroda, Punjab National Bank, State Bank of India, HDFC Bank, Axis Bank, ICICI Bank and Union Bank of India.
Summit Digitel is in the business of setting up and maintaining passive tower infrastructure and related assets. The company had a pan-India portfolio of 137,175 operational towers as of January 31.
<\/span>ETTelecom Roundtables: Airtel, Jio, VMWare, Ciena discuss OpenRAN, 5G, use cases and more<\/a><\/div><\/div>
<\/body>","next_sibling":[{"msid":81434257,"title":"Twitter working on a 'big overhaul' of TweetDeck platform","entity_type":"ARTICLE","link":"\/news\/twitter-working-on-a-big-overhaul-of-tweetdeck-platform\/81434257","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[{"msid":"81387749","title":"ETTelecom Roundtables: Airtel, Jio, VMWare, Ciena discuss OpenRAN, 5G, use cases and more","entity_type":"MEDIAVIDEO","seopath":"videos\/ettelecom-roundtables-airtel-jio-vmware-ciena-discuss-openran-5g-use-cases-and-more","category_name":"Videos","synopsis":"Bharti Airtel CTO Randeep Sekhon, Reliance Jio group CTO Shyam Mardikar, VMWare VP & Telco Strategy Sachin Katti, Ciena VP & Country Head Ryan Perera, and STL CTO Badri Gomatam interact with ETTelecom's Danish Khan on Indian telcos' 5G readiness and OpenRAN architecture.","thumb":"https:\/\/etimg.etb2bimg.com\/thumb\/img-size-86474\/81387749.cms?width=150&height=112","link":"\/videos\/ettelecom-roundtables-airtel-jio-vmware-ciena-discuss-openran-5g-use-cases-and-more\/81387749"},{"msid":"73273673","title":"India's telecom sector in a rewind; everything from AGR, BSNL revival, 5G, IUC to tariff hikes in 2019","entity_type":"PHOTOGALLERYSLIDESHOWSECTION","seopath":"slide-shows\/indias-telecom-sector-in-a-rewind-everything-from-agr-bsnl-revival-5g-iuc-to-tariff-hikes-in-2019","category_name":"Slide-Shows","synopsis":"ETT brings a slideshow on Indian telecom sector developments in 2019","thumb":"https:\/\/etimg.etb2bimg.com\/thumb\/img-size-3313303\/73273673.cms?width=150&height=112","link":"\/slide-shows\/indias-telecom-sector-in-a-rewind-everything-from-agr-bsnl-revival-5g-iuc-to-tariff-hikes-in-2019\/73273673"}],"msid":81434420,"entity_type":"ARTICLE","title":"Brookfield-backed Summit Digitel to raise Rs 11,836 crore, RIL may invest","synopsis":"Reliance Industries will likely subscribe to the bonds, which will replace a long-term credit facility, a move that generally extends immediate repayment liabilities. This is a record fund-raising by bonds issued in one shot via private placement.","titleseo":"telecomnews\/brookfield-backed-summit-digitel-to-raise-rs-11836-cr-ril-may-invest","status":"ACTIVE","authors":[{"author_name":"Saikat Das","author_link":"\/author\/479193971\/saikat-das","author_image":"https:\/\/etimg.etb2bimg.com\/authorthumb\/479193971.cms?width=100&height=100","author_additional":{"thumbsize":true,"msid":479193971,"author_name":"Saikat Das","author_seo_name":"saikat-das","designation":"Sr Asst Editor","agency":false}},{"author_name":"Devina Sengupta","author_link":"\/author\/479252477\/devina-sengupta","author_image":"https:\/\/etimg.etb2bimg.com\/authorthumb\/479252477.cms?width=100&height=100","author_additional":{"thumbsize":true,"msid":479252477,"author_name":"Devina Sengupta","author_seo_name":"devina-sengupta","designation":"Assistant Editor","agency":false}}],"analytics":{"comments":0,"views":4425,"shares":0,"engagementtimems":17135000},"Alttitle":{"minfo":""},"artag":"ETTelecom","artdate":"2021-03-10 20:53:26","lastupd":"2021-03-10 21:38:31","breadcrumbTags":["reliance industries","Brookfield Asset Management","summit digitel infrastructure","Reliance Industrial","ril","summit digitel","Industry","NATIONAL STOCK EXCHANGE","Brookfield"],"secinfo":{"seolocation":"telecomnews\/brookfield-backed-summit-digitel-to-raise-rs-11836-cr-ril-may-invest"}}" data-authors="[" saikat das","devina sengupta"]" data-category-name="" data-category_id="" data-date="2021-03-10" data-index="article_1">
- Telecom乐动扑克News
- 2分钟阅读
Brookfield-backed峰会Digitel筹集11836卢比,瑞来斯可能投资
信实工业可能会订阅的债券,这将取代长期信贷安排,此举通常延伸立即偿还负债。这是一个记录通过私募发行债券筹资的一次机会。
信实工业可能会订阅的债券,这将取代长期信贷安排,此举通常延伸立即偿还负债。这是一个记录通过私募发行债券筹资的一次机会。
孟买:Brookfield-backed峰会Digitel基础设施房子Jio电信塔使用的依赖,通过当地债券筹集11836卢比。
信实工业公司可能会订阅的债券,这将取代长期信贷安排,此举通常延伸立即偿还负债。这是一个记录通过私募发行债券筹资的一次机会。
这些债券将在接下来的11年成熟,提供/第一个半年内看涨期权。这样的选择可能是旨在调整利率,同时允许发行人/投资者退出路线以及在到期日之前,债券交易商表示。债券预计将提供7.97%,定价后添加一个标记在印度国家银行MCLR之上,一个基准衡量。
这个问题可能会开放订阅周五疯牛病和通过电子招标平台国家证券交易所。
“提出问题的收益将用于弥补现有担保可赎回部分或全额不可自由兑换债券…,”峰会在投资备忘录中写道,一个副本的ET。债券发行的目的包括资本支出与塔的业务,它说。
依赖和峰会Digitel,中国最大的电信基础设施提供商之一,没有回复直到截稿时间等的查询。
去年10月,布鲁克菲尔德和一群投资者包括新加坡政府投资公司完成收购了依赖Jio鼓吹和更名为公司峰会Digitel基础设施。
2019年12月,信实工业投资和控股有限公司的全资子公司信实,进入一个具有约束力的协议布鲁克菲尔德资产管理一个投资25215卢比的单位提出塔基础设施信托发行的。
当地的评级公司Crisil的额定提出这些债券aaa评级展望为稳定。每个债券的面值Rs 10十万的,按面值发行。
“评级也反映了一个长期稳定的现金流支持与RJIL主服务协议和有限的盈利能力的固定价格的下行风险的项目执行和操作&维护协议,“Crisil的8月份在一份报告中说,当这个国家的经济陷入停滞后锁定占据。“与预期数据使用在中期内,对塔通过光纤连接的需求可能增加。”
上半年的当前财政年度,公司的息税前利润减少了一半到大约1466卢比。公司现有的银行包括巴罗达银行旁遮普国家银行,印度国家银行,HDFC银行,Axis银行ICICI银行和印度联合银行。
峰会Digitel是建立和维护业务的被动塔基础设施和相关资产。137175年公司有pan-India组合操作塔截至1月31日。
Reliance Industries will likely subscribe to the bonds, which will replace a long-term credit facility, a move that generally extends immediate repayment liabilities. This is a record fund-raising by bonds issued in one shot via private placement.<\/span><\/figcaption><\/figure>Mumbai: Brookfield-backed Summit Digitel Infrastructure<\/a>, which houses telecom towers used by Reliance Jio, is raising Rs 11,836 crore via local bonds.
Reliance Industries<\/a> will likely subscribe to the bonds, which will replace a long-term credit facility, a move that generally extends immediate repayment liabilities. This is a record fund-raising by bonds issued in one shot via private placement.
The bonds will mature in the next 11 years, offering put\/call options in the first one-and-a-half years. Such options may be aimed at resetting interest rates while allowing the issuer\/investors an exit route well before the scheduled maturity, bond dealers said. Bonds are expected to offer 7.97 percent, which is priced after adding a mark up over and above SBI MCLR, a benchmark gauge.
The issue will likely open for subscription on Friday through electronic bidding platforms on the BSE and the National Stock Exchange<\/a>.
“The proceeds of the issue are proposed to be used for redeeming existing secured redeemable non-convertible debentures… in part or in full,” Summit wrote in the Investment Memorandum, a copy of which is with ET. The debentures were issued for purposes including capital expenditure in connection with the tower business, it said.
Reliance and Summit Digitel<\/a>, one of the country’s largest telecom infrastructure providers, did not reply to ET’s queries until press time.
Last October, Brookfield<\/a> and a group of investors including Singapore’s GIC completed a deal to buy out Reliance Jio Infratel and renamed the company Summit Digitel Infrastructure.
In December 2019, Reliance Industrial<\/a> Investments and Holdings Ltd., a wholly owned subsidiary of Reliance, had entered into a binding agreement with Brookfield Asset Management<\/a> for an investment of Rs 25,215 crore in units proposed to be issued by the Tower Infrastructure Trust.
Local rating company Crisil rated those proposed bonds triple-A with a stable outlook. Each bond will have a face value of Rs 10 lakh and to be issued at par.
Read also<\/h4><\/a><\/figure>Reliance on board as limited partner in Kalaari Capital’s 4th fund<\/a><\/h5><\/div><\/a><\/figure>Summit Digitel Infrastructure formerly known as Reliance Jio Infratel joins TAIPA<\/a><\/h5><\/div><\/div><\/div>
“The rating also reflects stable cash flows backed by a long-term master service agreement with RJIL and limited downside risks to profitability given the fixed-price terms of its project execution and operations & maintenance agreements,” Crisil said in a note in August, when the country’s economy came to a standstill following the virus-induced lockdown. “With expected rise in data usage over the medium term, demand for towers connected via optical fiber is likely to increase.”
During the first half of the current financial year, the company’s EBITDA has halved to about Rs 1,466 crore. Some of the company’s existing lenders include Bank of Baroda, Punjab National Bank, State Bank of India, HDFC Bank, Axis Bank, ICICI Bank and Union Bank of India.
Summit Digitel is in the business of setting up and maintaining passive tower infrastructure and related assets. The company had a pan-India portfolio of 137,175 operational towers as of January 31.
ETTelecom Roundtables: Airtel, Jio, VMWare, Ciena discuss OpenRAN, 5G, use cases and more<\/a><\/div><\/div>
<\/body>","next_sibling":[{"msid":81434257,"title":"Twitter working on a 'big overhaul' of TweetDeck platform","entity_type":"ARTICLE","link":"\/news\/twitter-working-on-a-big-overhaul-of-tweetdeck-platform\/81434257","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[{"msid":"81387749","title":"ETTelecom Roundtables: Airtel, Jio, VMWare, Ciena discuss OpenRAN, 5G, use cases and more","entity_type":"MEDIAVIDEO","seopath":"videos\/ettelecom-roundtables-airtel-jio-vmware-ciena-discuss-openran-5g-use-cases-and-more","category_name":"Videos","synopsis":"Bharti Airtel CTO Randeep Sekhon, Reliance Jio group CTO Shyam Mardikar, VMWare VP & Telco Strategy Sachin Katti, Ciena VP & Country Head Ryan Perera, and STL CTO Badri Gomatam interact with ETTelecom's Danish Khan on Indian telcos' 5G readiness and OpenRAN architecture.","thumb":"https:\/\/etimg.etb2bimg.com\/thumb\/img-size-86474\/81387749.cms?width=150&height=112","link":"\/videos\/ettelecom-roundtables-airtel-jio-vmware-ciena-discuss-openran-5g-use-cases-and-more\/81387749"},{"msid":"73273673","title":"India's telecom sector in a rewind; everything from AGR, BSNL revival, 5G, IUC to tariff hikes in 2019","entity_type":"PHOTOGALLERYSLIDESHOWSECTION","seopath":"slide-shows\/indias-telecom-sector-in-a-rewind-everything-from-agr-bsnl-revival-5g-iuc-to-tariff-hikes-in-2019","category_name":"Slide-Shows","synopsis":"ETT brings a slideshow on Indian telecom sector developments in 2019","thumb":"https:\/\/etimg.etb2bimg.com\/thumb\/img-size-3313303\/73273673.cms?width=150&height=112","link":"\/slide-shows\/indias-telecom-sector-in-a-rewind-everything-from-agr-bsnl-revival-5g-iuc-to-tariff-hikes-in-2019\/73273673"}],"msid":81434420,"entity_type":"ARTICLE","title":"Brookfield-backed Summit Digitel to raise Rs 11,836 crore, RIL may invest","synopsis":"Reliance Industries will likely subscribe to the bonds, which will replace a long-term credit facility, a move that generally extends immediate repayment liabilities. This is a record fund-raising by bonds issued in one shot via private placement.","titleseo":"telecomnews\/brookfield-backed-summit-digitel-to-raise-rs-11836-cr-ril-may-invest","status":"ACTIVE","authors":[{"author_name":"Saikat Das","author_link":"\/author\/479193971\/saikat-das","author_image":"https:\/\/etimg.etb2bimg.com\/authorthumb\/479193971.cms?width=100&height=100","author_additional":{"thumbsize":true,"msid":479193971,"author_name":"Saikat Das","author_seo_name":"saikat-das","designation":"Sr Asst Editor","agency":false}},{"author_name":"Devina Sengupta","author_link":"\/author\/479252477\/devina-sengupta","author_image":"https:\/\/etimg.etb2bimg.com\/authorthumb\/479252477.cms?width=100&height=100","author_additional":{"thumbsize":true,"msid":479252477,"author_name":"Devina Sengupta","author_seo_name":"devina-sengupta","designation":"Assistant Editor","agency":false}}],"analytics":{"comments":0,"views":4425,"shares":0,"engagementtimems":17135000},"Alttitle":{"minfo":""},"artag":"ETTelecom","artdate":"2021-03-10 20:53:26","lastupd":"2021-03-10 21:38:31","breadcrumbTags":["reliance industries","Brookfield Asset Management","summit digitel infrastructure","Reliance Industrial","ril","summit digitel","Industry","NATIONAL STOCK EXCHANGE","Brookfield"],"secinfo":{"seolocation":"telecomnews\/brookfield-backed-summit-digitel-to-raise-rs-11836-cr-ril-may-invest"}}" data-authors="[" saikat das","devina sengupta"]" data-category-name="" data-category_id="" data-date="2021-03-10" data-index="article_1">
信实工业可能会订阅的债券,这将取代长期信贷安排,此举通常延伸立即偿还负债。这是一个记录通过私募发行债券筹资的一次机会。
孟买:Brookfield-backed峰会Digitel基础设施房子Jio电信塔使用的依赖,通过当地债券筹集11836卢比。
信实工业公司可能会订阅的债券,这将取代长期信贷安排,此举通常延伸立即偿还负债。这是一个记录通过私募发行债券筹资的一次机会。
这些债券将在接下来的11年成熟,提供/第一个半年内看涨期权。这样的选择可能是旨在调整利率,同时允许发行人/投资者退出路线以及在到期日之前,债券交易商表示。债券预计将提供7.97%,定价后添加一个标记在印度国家银行MCLR之上,一个基准衡量。
这个问题可能会开放订阅周五疯牛病和通过电子招标平台国家证券交易所。
“提出问题的收益将用于弥补现有担保可赎回部分或全额不可自由兑换债券…,”峰会在投资备忘录中写道,一个副本的ET。债券发行的目的包括资本支出与塔的业务,它说。
依赖和峰会Digitel,中国最大的电信基础设施提供商之一,没有回复直到截稿时间等的查询。
去年10月,布鲁克菲尔德和一群投资者包括新加坡政府投资公司完成收购了依赖Jio鼓吹和更名为公司峰会Digitel基础设施。
2019年12月,信实工业投资和控股有限公司的全资子公司信实,进入一个具有约束力的协议布鲁克菲尔德资产管理一个投资25215卢比的单位提出塔基础设施信托发行的。
当地的评级公司Crisil的额定提出这些债券aaa评级展望为稳定。每个债券的面值Rs 10十万的,按面值发行。
“评级也反映了一个长期稳定的现金流支持与RJIL主服务协议和有限的盈利能力的固定价格的下行风险的项目执行和操作&维护协议,“Crisil的8月份在一份报告中说,当这个国家的经济陷入停滞后锁定占据。“与预期数据使用在中期内,对塔通过光纤连接的需求可能增加。”
上半年的当前财政年度,公司的息税前利润减少了一半到大约1466卢比。公司现有的银行包括巴罗达银行旁遮普国家银行,印度国家银行,HDFC银行,Axis银行ICICI银行和印度联合银行。
峰会Digitel是建立和维护业务的被动塔基础设施和相关资产。137175年公司有pan-India组合操作塔截至1月31日。
Reliance Industries will likely subscribe to the bonds, which will replace a long-term credit facility, a move that generally extends immediate repayment liabilities. This is a record fund-raising by bonds issued in one shot via private placement.<\/span><\/figcaption><\/figure>Mumbai: Brookfield-backed Summit Digitel Infrastructure<\/a>, which houses telecom towers used by Reliance Jio, is raising Rs 11,836 crore via local bonds.
Reliance Industries<\/a> will likely subscribe to the bonds, which will replace a long-term credit facility, a move that generally extends immediate repayment liabilities. This is a record fund-raising by bonds issued in one shot via private placement.
The bonds will mature in the next 11 years, offering put\/call options in the first one-and-a-half years. Such options may be aimed at resetting interest rates while allowing the issuer\/investors an exit route well before the scheduled maturity, bond dealers said. Bonds are expected to offer 7.97 percent, which is priced after adding a mark up over and above SBI MCLR, a benchmark gauge.
The issue will likely open for subscription on Friday through electronic bidding platforms on the BSE and the National Stock Exchange<\/a>.
“The proceeds of the issue are proposed to be used for redeeming existing secured redeemable non-convertible debentures… in part or in full,” Summit wrote in the Investment Memorandum, a copy of which is with ET. The debentures were issued for purposes including capital expenditure in connection with the tower business, it said.
Reliance and Summit Digitel<\/a>, one of the country’s largest telecom infrastructure providers, did not reply to ET’s queries until press time.
Last October, Brookfield<\/a> and a group of investors including Singapore’s GIC completed a deal to buy out Reliance Jio Infratel and renamed the company Summit Digitel Infrastructure.
In December 2019, Reliance Industrial<\/a> Investments and Holdings Ltd., a wholly owned subsidiary of Reliance, had entered into a binding agreement with Brookfield Asset Management<\/a> for an investment of Rs 25,215 crore in units proposed to be issued by the Tower Infrastructure Trust.
Local rating company Crisil rated those proposed bonds triple-A with a stable outlook. Each bond will have a face value of Rs 10 lakh and to be issued at par.
Read also<\/h4>
<\/body>","next_sibling":[{"msid":81434257,"title":"Twitter working on a 'big overhaul' of TweetDeck platform","entity_type":"ARTICLE","link":"\/news\/twitter-working-on-a-big-overhaul-of-tweetdeck-platform\/81434257","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[{"msid":"81387749","title":"ETTelecom Roundtables: Airtel, Jio, VMWare, Ciena discuss OpenRAN, 5G, use cases and more","entity_type":"MEDIAVIDEO","seopath":"videos\/ettelecom-roundtables-airtel-jio-vmware-ciena-discuss-openran-5g-use-cases-and-more","category_name":"Videos","synopsis":"Bharti Airtel CTO Randeep Sekhon, Reliance Jio group CTO Shyam Mardikar, VMWare VP & Telco Strategy Sachin Katti, Ciena VP & Country Head Ryan Perera, and STL CTO Badri Gomatam interact with ETTelecom's Danish Khan on Indian telcos' 5G readiness and OpenRAN architecture.","thumb":"https:\/\/etimg.etb2bimg.com\/thumb\/img-size-86474\/81387749.cms?width=150&height=112","link":"\/videos\/ettelecom-roundtables-airtel-jio-vmware-ciena-discuss-openran-5g-use-cases-and-more\/81387749"},{"msid":"73273673","title":"India's telecom sector in a rewind; everything from AGR, BSNL revival, 5G, IUC to tariff hikes in 2019","entity_type":"PHOTOGALLERYSLIDESHOWSECTION","seopath":"slide-shows\/indias-telecom-sector-in-a-rewind-everything-from-agr-bsnl-revival-5g-iuc-to-tariff-hikes-in-2019","category_name":"Slide-Shows","synopsis":"ETT brings a slideshow on Indian telecom sector developments in 2019","thumb":"https:\/\/etimg.etb2bimg.com\/thumb\/img-size-3313303\/73273673.cms?width=150&height=112","link":"\/slide-shows\/indias-telecom-sector-in-a-rewind-everything-from-agr-bsnl-revival-5g-iuc-to-tariff-hikes-in-2019\/73273673"}],"msid":81434420,"entity_type":"ARTICLE","title":"Brookfield-backed Summit Digitel to raise Rs 11,836 crore, RIL may invest","synopsis":"Reliance Industries will likely subscribe to the bonds, which will replace a long-term credit facility, a move that generally extends immediate repayment liabilities. This is a record fund-raising by bonds issued in one shot via private placement.","titleseo":"telecomnews\/brookfield-backed-summit-digitel-to-raise-rs-11836-cr-ril-may-invest","status":"ACTIVE","authors":[{"author_name":"Saikat Das","author_link":"\/author\/479193971\/saikat-das","author_image":"https:\/\/etimg.etb2bimg.com\/authorthumb\/479193971.cms?width=100&height=100","author_additional":{"thumbsize":true,"msid":479193971,"author_name":"Saikat Das","author_seo_name":"saikat-das","designation":"Sr Asst Editor","agency":false}},{"author_name":"Devina Sengupta","author_link":"\/author\/479252477\/devina-sengupta","author_image":"https:\/\/etimg.etb2bimg.com\/authorthumb\/479252477.cms?width=100&height=100","author_additional":{"thumbsize":true,"msid":479252477,"author_name":"Devina Sengupta","author_seo_name":"devina-sengupta","designation":"Assistant Editor","agency":false}}],"analytics":{"comments":0,"views":4425,"shares":0,"engagementtimems":17135000},"Alttitle":{"minfo":""},"artag":"ETTelecom","artdate":"2021-03-10 20:53:26","lastupd":"2021-03-10 21:38:31","breadcrumbTags":["reliance industries","Brookfield Asset Management","summit digitel infrastructure","Reliance Industrial","ril","summit digitel","Industry","NATIONAL STOCK EXCHANGE","Brookfield"],"secinfo":{"seolocation":"telecomnews\/brookfield-backed-summit-digitel-to-raise-rs-11836-cr-ril-may-invest"}}" data-authors="[" saikat das","devina sengupta"]" data-category-name="" data-category_id="" data-date="2021-03-10" data-index="article_1">
- Telecom乐动扑克News
- 2分钟阅读
Brookfield-backed峰会Digitel筹集11836卢比,瑞来斯可能投资
信实工业可能会订阅的债券,这将取代长期信贷安排,此举通常延伸立即偿还负债。这是一个记录通过私募发行债券筹资的一次机会。
读到
信实工业公司可能会订阅的债券,这将取代长期信贷安排,此举通常延伸立即偿还负债。这是一个记录通过私募发行债券筹资的一次机会。
这些债券将在接下来的11年成熟,提供/第一个半年内看涨期权。这样的选择可能是旨在调整利率,同时允许发行人/投资者退出路线以及在到期日之前,债券交易商表示。债券预计将提供7.97%,定价后添加一个标记在印度国家银行MCLR之上,一个基准衡量。
这个问题可能会开放订阅周五疯牛病和通过电子招标平台国家证券交易所。
“提出问题的收益将用于弥补现有担保可赎回部分或全额不可自由兑换债券…,”峰会在投资备忘录中写道,一个副本的ET。债券发行的目的包括资本支出与塔的业务,它说。
依赖和峰会Digitel,中国最大的电信基础设施提供商之一,没有回复直到截稿时间等的查询。
去年10月,布鲁克菲尔德和一群投资者包括新加坡政府投资公司完成收购了依赖Jio鼓吹和更名为公司峰会Digitel基础设施。
2019年12月,信实工业投资和控股有限公司的全资子公司信实,进入一个具有约束力的协议布鲁克菲尔德资产管理一个投资25215卢比的单位提出塔基础设施信托发行的。
当地的评级公司Crisil的额定提出这些债券aaa评级展望为稳定。每个债券的面值Rs 10十万的,按面值发行。
“评级也反映了一个长期稳定的现金流支持与RJIL主服务协议和有限的盈利能力的固定价格的下行风险的项目执行和操作&维护协议,“Crisil的8月份在一份报告中说,当这个国家的经济陷入停滞后锁定占据。“与预期数据使用在中期内,对塔通过光纤连接的需求可能增加。”
上半年的当前财政年度,公司的息税前利润减少了一半到大约1466卢比。公司现有的银行包括巴罗达银行旁遮普国家银行,印度国家银行,HDFC银行,Axis银行ICICI银行和印度联合银行。
峰会Digitel是建立和维护业务的被动塔基础设施和相关资产。137175年公司有pan-India组合操作塔截至1月31日。
Reliance Industries<\/a> will likely subscribe to the bonds, which will replace a long-term credit facility, a move that generally extends immediate repayment liabilities. This is a record fund-raising by bonds issued in one shot via private placement.
The bonds will mature in the next 11 years, offering put\/call options in the first one-and-a-half years. Such options may be aimed at resetting interest rates while allowing the issuer\/investors an exit route well before the scheduled maturity, bond dealers said. Bonds are expected to offer 7.97 percent, which is priced after adding a mark up over and above SBI MCLR, a benchmark gauge.
The issue will likely open for subscription on Friday through electronic bidding platforms on the BSE and the National Stock Exchange<\/a>.
“The proceeds of the issue are proposed to be used for redeeming existing secured redeemable non-convertible debentures… in part or in full,” Summit wrote in the Investment Memorandum, a copy of which is with ET. The debentures were issued for purposes including capital expenditure in connection with the tower business, it said.
Reliance and Summit Digitel<\/a>, one of the country’s largest telecom infrastructure providers, did not reply to ET’s queries until press time.
Last October, Brookfield<\/a> and a group of investors including Singapore’s GIC completed a deal to buy out Reliance Jio Infratel and renamed the company Summit Digitel Infrastructure.
In December 2019, Reliance Industrial<\/a> Investments and Holdings Ltd., a wholly owned subsidiary of Reliance, had entered into a binding agreement with Brookfield Asset Management<\/a> for an investment of Rs 25,215 crore in units proposed to be issued by the Tower Infrastructure Trust.
Local rating company Crisil rated those proposed bonds triple-A with a stable outlook. Each bond will have a face value of Rs 10 lakh and to be issued at par.
Read also<\/h4><\/a><\/figure>Reliance on board as limited partner in Kalaari Capital’s 4th fund<\/a><\/h5><\/div><\/a><\/figure>Summit Digitel Infrastructure formerly known as Reliance Jio Infratel joins TAIPA<\/a><\/h5><\/div><\/div><\/div>
“The rating also reflects stable cash flows backed by a long-term master service agreement with RJIL and limited downside risks to profitability given the fixed-price terms of its project execution and operations & maintenance agreements,” Crisil said in a note in August, when the country’s economy came to a standstill following the virus-induced lockdown. “With expected rise in data usage over the medium term, demand for towers connected via optical fiber is likely to increase.”
During the first half of the current financial year, the company’s EBITDA has halved to about Rs 1,466 crore. Some of the company’s existing lenders include Bank of Baroda, Punjab National Bank, State Bank of India, HDFC Bank, Axis Bank, ICICI Bank and Union Bank of India.
Summit Digitel is in the business of setting up and maintaining passive tower infrastructure and related assets. The company had a pan-India portfolio of 137,175 operational towers as of January 31.
<\/a><\/figure>Reliance on board as limited partner in Kalaari Capital’s 4th fund<\/a><\/h5><\/div><\/a><\/figure>Summit Digitel Infrastructure formerly known as Reliance Jio Infratel joins TAIPA<\/a><\/h5><\/div><\/div><\/div>
“The rating also reflects stable cash flows backed by a long-term master service agreement with RJIL and limited downside risks to profitability given the fixed-price terms of its project execution and operations & maintenance agreements,” Crisil said in a note in August, when the country’s economy came to a standstill following the virus-induced lockdown. “With expected rise in data usage over the medium term, demand for towers connected via optical fiber is likely to increase.”
During the first half of the current financial year, the company’s EBITDA has halved to about Rs 1,466 crore. Some of the company’s existing lenders include Bank of Baroda, Punjab National Bank, State Bank of India, HDFC Bank, Axis Bank, ICICI Bank and Union Bank of India.
Summit Digitel is in the business of setting up and maintaining passive tower infrastructure and related assets. The company had a pan-India portfolio of 137,175 operational towers as of January 31.
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