Piramal Finance raises $150-M more from international markets

Piramal Capital & Housing Finance , a subsidiary of Piramal Enterprises, has raised USD 150 million more from international markets through the tap issuance of its inaugural US dollar bond issued in July this year. The bonds will be issued at a yield of 7.078% for the remaining tenor of 3.32 years. Forty investors participated in the final issuance, with 92% of the funds raised from Asia and 8% from EMEA (Europe, the Middle East, and Africa) region. About 95% of funds was raised from asset managers and 5% from banks.