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DHFL COMMERCIAL PAPERS
DHFL tumbles 5% as firm defaults on Rs 1,571 crore bond paymentDHFL also made a default of Rs 100 crore occurred on unsecured commercial papers.- DHFL defaults on Rs 1,571 crore bond paymentsThe company is estimated to be sitting on a debt-pile of over Rs 90,000 crore.
- DHFL defers Q4 results, shares plunge more than 11%The company has been facing liquidity crisis and has recently defaulted on repayment obligations.
- DHFL to soon complete full stake sale in 2 subsidiariesThe company has been facing liquidity crisis and has recently defaulted on its repayment obligations.
- DHFL closes 6% higherDHFL has been battling a liquidity crisis over the past three quarters.
- DHFL defaults again on commercial papers repaymentOut of the aggregate amount of Rs 375 cr, DHFL failed to make payments worth Rs 225 cr.
- DHFL uses cash from sale of loans to clear obligationsDHFL raised Rs 350-400 crore collectively by selling loan portfolios.
- DHFL cracks 16% after rating agencies downgrade CPs to defaultRating agencies Crisil, CARE and ICRA have downgraded commercial papers issued by DHFL.
- DHFL declines over 7% on rating downgradesThe rating of these instruments has been downgraded from BBB (SO) to AA -(SO).
- DHFL tanks 5% as Brickwork Ratings cuts credit ratingDHFL had called the rating decision as ‘irrational’.
- Icra’s re-rating of commercial papers not merit-based, unwarranted: DHFL"DHFL's progress towards fundraising transactions was not taken into cognisance," it said.
- DHFL shares slump 5% on ICRA downgradeDHFL CPs have an outstanding of Rs 1,525 crore, mostly held by mutual funds.
- ICRA downgrades DHFL commercial papers by two notchesCommercial papers are short-term debt papers with one-year maturities.
- DHFL shares rally 3% on Rs 1,775 crore CP repaymentAccording to the housing finance firm, since September 21, 2018 it has repaid commercial paper holders Rs 9,465 crore.
- DHFL buys back CPs worth Rs 1,775 croreWith this, the CP outstanding as on November 30, the NBFC said, will be 1 per cent of the total borrowing amounting to Rs 1,125 crore.
- DHFL buys back Rs 2000 crore worth of CPs before maturityA liquidity squeeze has crimped commercial paper sales in the past one month.
- Crisil retains rating on Rs 15,000-crore commercial paper of DHFLSuch instruments carry lowest credit risk, as per the definition by Crisil.
- Sebi asks MFs to furnish details about exposure to NBFC, HFI firmsShares of NBFCs have tanked against the backdrop of IL&FS defaulting on debt obligations.
- Indiabulls CP, bond issues may send a positive signalIn the past three days, Indiabulls has raised Rupees 1,400 cr via commercial paper sales.
- NBFCs to face higher borrowing costsSince this was much higher than DHFL’s previous borrowing rate of 8.2% and there was no pressing need for funds, DHFL treasury rejected the...
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