Tor, Nomura Provide Private Credit To Indian Developer Suruchi

Tor, Nomura extend INR4.5bn private credit facility to Suruchi - Private Equity Wire

Tor Investment Management and Nomura Holdings have jointly provided a private credit facility of INR4.5bn (approx. $52.3m) to Indian real estate developer Suruchi Properties Pvt, according to a report by Bloomberg citing sources familiar with the matter. The financing has been structured as non-convertible debentures (NCDs), a commonly used instrument in India’s private credit market. The notes, which are listed on the Bombay Stock Exchange for …

Tor, Nomura Provide Private Credit To Indian Developer Suruchi

Indian real estate company Suruchi Properties Pvt. has obtained 4.5 billion rupees ($52.3 million) of private credit for refinancing purposes, according to people familiar with the matter.Alternative credit manager Tor Investment Management and Nomura Holdings Inc provided the debt, which is in the form of non-convertible debentures — a typical structure of many private credit deals in India, the people said, who asked not to be identified discu…