Announced Thu, 25 Jun · 21:12 IST
Cholamandalam allots 2,000 cr unsecured NCDs at 8.88% coupon
Fund Raising View source PDF
CHOLAFIN · price
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Price reaction · full curve 14 horizons · vs prior close
-0.2%1-day move
₹1800.00
prior close
₹1814.60
base price
After-mkt
timing
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AI summary
Cholamandalam Investment and Finance Company has allotted 200,000 unsecured subordinated non-convertible securities via private placement on NSE EBP, raising 2,000 crores (including a 1,400 cr green shoe option). The securities carry an annual coupon of 8.88% and have a 7-year tenor maturing on 25 June 2033. The NCDs will be listed on the Wholesale Debt Market segment of NSE.
Likely market impact
The 2,000 cr NCD raise strengthens funding at 8.88% cost to support lending growth, while adding long-term debt obligations maturing in 2033.