India’s Trent issues, allots Rs. 3 billion nonconvertible debentures

By Tali Rackner

Norfolk, Va., April 6 – Trent Ltd. informed the Bombay Stock Exchange that it has issued and allotted 3,000 listed unsecured redeemable nonconvertible debentures with a face value of Rs. 1 million each.

The issue, totaling Rs. 3 billion, was issued on a private placement basis.

The debentures will be listed on the wholesale debt market segment of the National Stock Exchange of India Ltd.

Proceeds will be primarily used to facilitate redemption of existing borrowings.

The retailer is based in Mumbai, India.

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