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IDFC issues commercial papers of Rs 700 crore

IDFC issues commercial papers of Rs 700 crore
21 September 2016 Current Affairs: Infrastructure lender IDFC Ltd has issued commercial papers (CPs) worth Rs 700 crore .

The company issued Commercial Papers for an aggregate amount of Rs 700 crore on September 12, 2016 having maturity date of September 29, 2016.

IDFC said the CPs have been rated as A1+ by ICRA. 

Instruments with the aforesaid rating are considered to have a strong degree of safety regarding timely payment of financial obligations and such instruments carry lowest credit risk. 

The aggregate amount of commercial papers outstanding as on date is Rs 700 crore.

CPs are unsecured, short-term debt instrument issued by a corporation, typically for the financing of accounts receivable, inventories and meeting short-term liabilities.


March 2017 Current affairs
24 MAR
NEWS
23 MAR
NEWS
22 MAR
NEWS
21 MAR
NEWS
20 MAR
NEWS
18 MAR
NEWS

February 2017 Current affairs
28 FEB
NEWS
27 FEB
NEWS
25 FEB
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24 FEB
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23 FEB
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22 FEB
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January 2017 Current affairs
31 JAN
NEWS
30 JAN
NEWS
28 JAN
NEWS
27 JAN
NEWS
25 JAN
NEWS
24 JAN
NEWS

December 2016 Current affairs
31 DEC
NEWS
30 DEC
NEWS
29 DEC
NEWS
28 DEC
NEWS
27 DEC
NEWS
26 DEC
NEWS

November 2016 Current affairs
30 NOV
NEWS
29 NOV
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28 NOV
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26 NOV
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25 NOV
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24 NOV
NEWS



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