Angel One to issue Rs 50 crore secured NCDs at 8.75 percent, 18-month tenure
ANGELONE · price
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Angel One's Loan, Investment and Borrowings Committee approved issuance of 5,000 senior, rated, secured, redeemable NCDs at Rs 1 lakh face value, totaling Rs 50 crore. Issued via private placement to eligible investors with 8.75 percent coupon and 18-month tenure. To be listed on NSE Wholesale Debt Market. Secured by 1x pari-passu charge on trade receivables and margin trading facilities. Default triggers 2 percent extra interest.
Raises Rs 50 crore debt for operations without equity dilution. 8.75 percent coupon shows current borrowing cost. Secured by company receivables.