thehindubusinessline.com

UltraTech Cement to raise ₹5,000 crore via AAA-rated rupee bonds

UltraTech Cement logoUltraTech Cement
Sig2.72Sen+3.20Env0.00Soc0.00Gov0.00

UltraTech Cement plans to raise ₹5,000 crore through rupee-denominated bonds to bring down borrowing cost, split across maturities: ₹3,000 crore in 2.5- and 3.5-year bonds at ~7.22–7.23% coupons and ₹2,000 crore in a 5-year bond at a 7.25% coupon. Bonds received CRISIL’s highest AAA rating, and the firm highlights higher June-quarter profit and resilience to fuel-cost pressure.

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