During moratorium, DHFL would only pay the due interest on outstanding bonds, sources told ET.
Last Friday, the benchmark closed at 6.36 per cent after hitting a 31-month low two days earlier.
Such debt was expected to be priced 195 basis points over the five-year US Treasury.
The govt is excluding lenders as they may not be forthcoming with crucial information in certain cases.
Five foreign banks including DBS, HSBC and Mitsubishi UFJ Financial Group (MUFG) helped the company to raise the money.
In his absence, the company has appointed T.N. Arun Kumar, now executive director (Ratings), as an interim CEO of the company.
The asset manager is likely to buy 100 percent equity in Essel Finance Business Loans Ltd and Essel Finance Home Loans Ltd. The deals are likely valued at Rs 150 crore.
Securitisation has become the tool to transform illiquid assets into tradeable securities.
Offshore borrowing costs for Indian companies have reduced dramatically this year.
IDFC First Bank is expected to use Madhivanan Balakrishnan’s tech know-how to build a strong tech team.
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