Aegis Vopak to raise ₹1030 Crore via NCDs on private placement basis

* Aegis Vopak Terminals Limited will raise funds by issuing Non-Convertible Debentures (NCDs) for up to ₹1030 crore on a private placement basis. * The NCDs are secured, senior, rated, listed, and redeemable, with a face value of ₹1 lakh each, totaling 1,03,000 NCDs. * The NCDs are proposed to be listed on NSE Limited. * The tenure of the instrument is 3 years from the deemed date of allotment, with the allotment date to be decided. * The coupon/interest offered is 7.20% per annum, with the first coupon reset at 1 year 1 day from the deemed date of allotment, and thereafter at annual intervals; principal is payable as bullet payment at maturity. * Security includes first ranking charge over tangible moveable fixed assets relating to Kandla and Pipavav LPG terminals and pari passu charge over cashflows, receivables, book debt, bank accounts etc. * Put option available at the end of 1 year 1 day and 24 months from the deemed date of allotment; Call option available at the end of 1 year 1 day and 24 months from the deemed date of allotment. * In case of default, an additional interest of 2% p.a. over the Coupon Rate will be payable. * Redemption will be a bullet payment at maturity, 3 years from the Deemed Date of Allotment.