Allotment of 20,000 Senior, Secured, Rated, Listed, Redeemable, Non-Convertible Debentures on private placement basis
Awaiting price reaction for this filing.
Aadhar Housing Finance has allotted 20,000 senior, secured, rated, listed, redeemable non-convertible debentures (NCDs) on a private placement basis. Each debenture has a face value of ₹1,00,000, taking the total issue size to ₹200 crore. The NCDs carry a fixed coupon of 7.76% per annum with a tenor of about 3 years and 6 months, maturing on November 30, 2028. The instrument has been rated ICRA AA with a Positive outlook and is proposed to be listed on the BSE Wholesale Debt Market segment.
This is a routine debt-raising exercise that adds ₹200 crore to the company's borrowings at a competitive rate, reflecting strong credit quality (AA Positive). For equity shareholders, this modestly increases leverage but is unlikely to materially impact the stock, as it is standard funding activity for a housing finance company.