India: Jet Airways raises about $108m via NCDs

India: Jet Airways raises about $108m via NCDs

Naresh Goyal, the founder Chairman of Jet Airways

Private carrier Jet Airways has raised nearly $108 million ( about Rs700 crore) through issuance of non-convertible debentures (NCDs), the company disclosed in a BSE filing on Thursday.

The funds will be used by Jet Airways to finance its existing debt. The group had an overall debt of about $1.74 billion (Rs 11,072 crore) in the quarter ended June’15.

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