Cholamandalam Investment and Finance Company Limited has informed the Exchange regarding allotment of 500000 securities pursuant to Non Convertible Securities at its meeting held on May 27, 2026
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Cholamandalam Investment and Finance Company Limited (CIFCL), a non-banking finance company, has allotted 500,000 Secured Non-Convertible Securities through a private placement on NSE's Electronic Book Building platform. The total amount raised is Rs 5,000 crores with a tenure of 2 years and 9 months, maturing on February 27, 2029. The securities carry a coupon rate linked to 3-month T-Bill plus 2.75%, with the first reset coupon at 8.12%. Interest payments are due annually and on maturity. The issuance is secured at 1x and listed in the Wholesale Debt Market segment of NSE. There are no delays in payments or defaults reported.
This Rs 5,000 crore debt issuance strengthens CIFCL's funding base to support its lending activities. As a secured NCD with moderate coupon rates, it reflects stable credit conditions for the NBFC. The issuance has no direct impact on equity holders but supports the company's asset growth trajectory.