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The telco has already communicated this to the exchange. MTNL<\/a> is the telecom service provider in Delhi and Mumbai.
The communication earlier read: \"To consider and approve the issue of sovereign guarantee bonds of Rs 6,661 crores as per the cabinet approval in respect to the revival of MTNL subject to the approval of shareholders of the company in AGM if required\".
MTNL board is meeting today to approve Q4 and annual audited results of FY23.
Last July, the Union Cabinet had approved a four-year relief package worth Rs 1.64 lakh crore for the revival of BSNL<\/a> which included MTNL also since BSNL effectively manages MTNL as well .
As per the package, the government will provide a sovereign guarantee to these PSUs for raising long-term loans. The telecom company is likely to issue bonds maturing in 10 years and will pay a semi-annual coupon, similar to how central government bonds are priced, as per merchant banking sources.
According to an official statement while announcing the revival package last year, for de-stressing BSNL balance sheet, debt structuring has to be undertaken where the government will provide sovereign guarantee to these PSUs (BSNL and MTNL) for raising long term loans. They will be able to raise long term bonds for an amount of Rs 40,399 crore. This will help restructuring existing debt and de-stressing the balance sheets.
The last time MTNL tapped the bond market was in October-December 2020, when it raised an aggregate of around Rs 6500 crooe through two 10-year government-guaranteed bond issuances at a semi-annual coupon of 6.85 per cent and 7.05 per cent.
MTNL reported consolidated net loss of Rs 775.50 crore in Q3 FY23, higher than net loss of Rs 659.28 crore in Q3 FY22.Net sales declined 25.1% to Rs 227.41 crore in Q3 FY23 as against Rs 303.56 crore in Q3 FY22.
The last year's package that includes a cash support of Rs 43,964 crore and non-cash support of Rs 1.20 lakh crore is aimed at fresh capital infusion for upgrading BSNL services, allocating spectrum, de-stressing its balance sheet and augmenting its fibre network.
It's a four-year period revival programme and most of it will be implemented in the first two years.
The merger of MTNL with BSNL, however, has been put on the backburner due to the high debt of MTNL.
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MTNL寻求董事会同意提高Rs 6661 cr通过govt-backed主权债券
去年7月,欧盟议会批准了四年的救援计划价值十万的1.64卢比的复兴BSNL包括MTNL也因为BSNL有效管理MTNL。
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电信已经沟通交流。MTNL是电信服务提供商在德里和孟买。
通信早些时候写道:“考虑和批准发行的主权担保债券的Rs 6661卢比的内阁批准方面的复兴MTNL受制于公司的股东批准在AGM如果需要”。
今天MTNL董事会会议批准FY23的第四季度和年度审计结果。
去年7月,欧盟议会批准了四年的救援计划价值十万的1.64卢比的复兴BSNL其中包括MTNL也因为BSNL有效管理MTNL。
按照计划,政府将提供主权担保这些电源提高长期贷款。电信公司很可能在10年内发行债券到期,并将每半年付息,类似于中央政府债券定价,根据商业银行业务来源。
根据官方的声明,宣布去年复兴方案,适合减压BSNL资产负债表,债务结构承担,政府将提供主权担保这些电源(BSNL和MTNL)提高长期贷款。他们将能够提高长期债券为40399卢比。这将有助于重组现有债务和减压的资产负债表。
上次MTNL利用债券市场是在2020年10,当它提出一个聚合的Rs 6500 crooe通过两个10年期政府担保债券发行的半年度息为6.85%和7.05%。
MTNL报告整合在Q3 FY23净亏损775.50卢比,高于FY22第3季度净亏损659.28卢比。在第三季度净销售额下跌25.1%,至227.41卢比FY23 Q3 FY22对303.56卢比。
去年的一揽子计划,包括现金支持43964卢比和非现金支持1.20十万的卢比旨在新的注资BSNL升级服务,分配频谱,减压资产负债表,并增加其光纤网络。
四年的复兴计划,其中大部分将在第一个两年执行。
的合并MTNL BSNL,然而,一直放在次要位置由于MTNL的高额债务。
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