Home First Finance to raise INR 150 crore via NCD private placement
HOMEFIRST · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 0.5 pts more than Nifty Smallcap 250 and 1.6 pts more than its Housing Finance Company peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Home First Finance's Committee approved issuing up to 15,000 senior secured listed NCDs via private placement, aggregating INR 150 crore. Face value INR 1 lakh each. Tenure about 59 months, maturing August 2031. Coupon is floating, linked to 3-month MIBOR-OIS plus a spread, paid quarterly. Secured by pari passu charge on receivables with 1.11x cover. Allotment proposed August 28, 2026, to list on BSE wholesale debt market.
NCD issuance adds INR 150 crore debt with no equity dilution. Floating rate means interest cost varies with MIBOR movements.