Sify Infinit Spaces Limited’s maiden Non-Convertible Debentures Fully Subscribed on Listing
Sify Infinit Spaces , a wholly owned subsidiary of Nasdaq-listed Sify Technologies , has announced the successful listing of its first market offering of Listed, Secured, Redeemable, Non-Convertible Debentures (NCDs). The issue, totaling INR 250 crore, was fully subscribed. The 15-year bonds were subscribed at a coupon rate of 8.95% and rated AA- by CARE.
The NCDs were listed on the Bombay Stock Exchange on October 04, 2024. They are secured by Moveable Fixed Assets and Receivables of specific Data Centers. The proceeds will be used to repay outstanding Bank Term loans. Major subscribers include India Infradebt (INR 75 Crore), Kotak Infrastructure Debt Fund (INR 140 Crore), and NIIF Infrastructure Finance (INR 35 Crore). Trust Group acted as the sole arranger for the issue.
Sify Infinit Spaces, una sussidiaria interamente posseduta di Sify Technologies quotata al Nasdaq, ha annunciato il successo della sua prima offerta di mercato di Debenture (NCD) quotate, garantite, rimborsabili e non convertibili. L'emissione, per un totale di 250 crore di INR, è stata completamente sottoscritta. Le obbligazioni a 15 anni sono state sottoscritte a un tasso di interesse dell'8,95% e hanno ricevuto un rating di AA- da CARE.
Le NCD sono state quotate sulla Borsa di Bombay il 4 ottobre 2024. Sono garantite da beni fissi mobili e crediti di specifici Data Center. Il ricavato sarà utilizzato per rimborsare prestiti bancari a termine non pagati. I principali sottoscrittori includono India Infradebt (75 crore di INR), Kotak Infrastructure Debt Fund (140 crore di INR) e NIIF Infrastructure Finance (35 crore di INR). Trust Group ha agito come unico organizzatore per l'emissione.
Sify Infinit Spaces, una filial completamente propiedad de Sify Technologies cotizada en Nasdaq, ha anunciado el éxito de su primera oferta de mercado de Debentures (NCD) cotizadas, aseguradas, redimibles y no convertibles. La emisión, con un total de 250 crore INR, fue totalmente suscrita. Los bonos a 15 años fueron suscritos a un tipo de interés del 8,95% y se califica con AA- por CARE.
Los NCD se listaron en la Bolsa de Bombay el 4 de octubre de 2024. Están garantizados por Activos Fijos Móviles y Cuentas por Cobrar de centros de datos específicos. Los ingresos se utilizarán para pagar préstamos a plazo bancarios pendientes. Los principales suscriptores incluyen India Infradebt (75 crore INR), Kotak Infrastructure Debt Fund (140 crore INR) y NIIF Infrastructure Finance (35 crore INR). Trust Group actuó como el único organizador de la emisión.
Sify Infinit Spaces는 나스닥에 상장된 Sify Technologies의 전액 출자 자회사로, 첫 시장 공모인 상장형, 담보 지원, 상환 가능, 비전환사채(NCD)의 성공적인 상장을 발표했습니다. 총액 250억 인도 루피(INR)에 달하는 이번 발행은 전량 구독되었습니다. 15년 만기 채권은 8.95%의 쿠폰 금리로 구독되었으며 CARE로부터 AA- 등급을 받았습니다.
NCD는 2024년 10월 4일에 봄베이 증권거래소에 상장되었습니다. 이는 특정 데이터 센터의 유동 고정 자산 및 채권으로 담보됩니다. 수익금은 미상환 은행 대출을 상환하는 데 사용될 것입니다. 주요 구독자는 India Infradebt (75억 인도 루피), Kotak Infrastructure Debt Fund (140억 인도 루피) 및 NIIF Infrastructure Finance (35억 인도 루피)가 있습니다. Trust Group이 그 발행의 단독 주관사로 활동했습니다.
Sify Infinit Spaces, une filiale à part entière de Sify Technologies cotée au Nasdaq, a annoncé le succès de sa première offre de marché d'Obligations (NCD) cotées, sécurisées, remboursables et non convertibles. L'émission, totalisant 250 crore INR, a été entièrement souscrite. Les obligations de 15 ans ont été souscrites à un taux d'intérêt de 8,95% et ont été notées AA- par CARE.
Les NCD ont été cotées à la Bourse de Bombay le 4 octobre 2024. Elles sont garanties par des Actifs Fixes Mobiles et des Créances de centres de données spécifiques. Le produit sera utilisé pour rembourser des prêts bancaires à terme impayés. Les principaux souscripteurs incluent India Infradebt (75 crore INR), Kotak Infrastructure Debt Fund (140 crore INR) et NIIF Infrastructure Finance (35 crore INR). Trust Group a agi en tant qu'organisateur unique de l'émission.
Sify Infinit Spaces, eine vollständig im Besitz befindliche Tochtergesellschaft von Sify Technologies, die an der Nasdaq gelistet ist, hat die erfolgreiche Notierung ihres ersten Marktangebots von gelisteten, gesicherten, rückzahlbaren, nicht wandelbaren Anleihen (NCDs) bekanntgegeben. Das Emissionsvolumen betrug INR 250 Crore und wurde vollständig gezeichnet. Die 15-jährigen Anleihen wurden zu einem Zins von 8,95% gezeichnet und von CARE mit AA- bewertet.
Die NCDs wurden am Bombay Stock Exchange am 4. Oktober 2024 gelistet. Sie sind durch bewegliche feste Vermögenswerte und Forderungen von spezifischen Datenzentren gesichert. Die Einnahmen werden verwendet, um ausstehende Bankdarlehen zurückzuzahlen. Zu den Hauptzeichnern gehören India Infradebt (75 Crore INR), Kotak Infrastructure Debt Fund (140 Crore INR) und NIIF Infrastructure Finance (35 Crore INR). Trust Group fungierte als alleiniger Organisator der Emission.
- Fully subscribed INR 250 crore Non-Convertible Debentures issue
- AA- rating from CARE for the NCDs
- Successful listing on Bombay Stock Exchange
- Repayment of outstanding Bank Term loans with issue proceeds
- Significant institutional investor participation
- None.
Insights
CHENNAI, India, Oct. 09, 2024 (GLOBE NEWSWIRE) -- Sify Infinit Spaces Limited, a wholly owned subsidiary of Nasdaq listed Sify Technologies Limited, today announced the listing of its first market offering in the form of Listed, Secured, Redeemable, Non-Convertible Debentures. The issue aggregating to INR 250,00,00,000 was fully subscribed.
The Company's 15-year bonds were subscribed by the Investors at a coupon rate of
The NCD is rated as AA- (Double A minus) by CARE. The company also announced the listing of the NCDs on the Bombay Stock Exchange at close of market Friday, October 04, 2024.
The debentures are secured by the Moveable Fixed Assets and Receivables pertaining to specific Data Centers. The proceeds from the issue have been used to repay the outstanding Bank Term loans against them.
M/s India Infradebt anchored the issue and subscribed with INR 75 Crores. Kotak Infrastructure Debt Fund and NIIF Infrastructure Finance Limited have subscribed INR 140 Crores and INR 35 Crores respectively.
Trust Group was the sole arranger of the abovesaid issue.
Ganesh Sankararaman, Head - Group Corporate Finance, Sify said, “The successful market listing is a critical external validation. It shows our bankers and institutional investors trust in our roadmap and the confidence in our abilities to become India’s leading AI-ready colocation services provider.”
About Sify Technologies
A Fortune India 500 company, Sify Technologies is India’s most comprehensive ICT service & solution provider. With Cloud at the core of our solutions portfolio, Sify is focussed on the changing ICT requirements of the emerging Digital economy and the resultant demands from large, mid and small-sized businesses.
Sify’s infrastructure comprising state-of-the-art Data Centers, the largest MPLS network, partnership with global technology majors and deep expertise in business transformation solutions modelled on the cloud, make it the first choice of start-ups, SMEs and even large Enterprises on the verge of a revamp.
More than 10000 businesses across multiple verticals have taken advantage of our unassailable trinity of Data Centers, Networks and Digital services and conduct their business seamlessly from more than 1700 cities in India. Internationally, Sify has presence across North America, the United Kingdom and Singapore.
Sify, www.sify.com, Sify Technologies and www.sifytechnologies.com are registered trademarks of Sify Technologies Limited.
Forward Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The forward-looking statements contained herein are subject to risks and uncertainties that could cause actual results to differ materially from those reflected in the forward-looking statements. Sify undertakes no duty to update any forward-looking statements.
For a discussion of the risks associated with Sify’s business, please see the discussion under the caption “Risk Factors” in the company’s Annual Report on Form 20-F for the year ended March 31, 2024, which has been filed with the United States Securities and Exchange Commission and is available by accessing the database maintained by the SEC at www.sec.gov, and Sify’s other reports filed with the SEC.
For further information, please contact:
| Sify Technologies Limited Mr. Praveen Krishna Investor Relations & Public Relations +91 9840926523 praveen.krishna@sifycorp.com | 20:20 Media Nikhila Kesavan +91 9840124036 nikhila.kesavan@2020msl.com | Weber Shandwick Lucia Domville +1-212 546-8260 LDomville@webershandwick.com |
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