INDIASHLTRBSEINDIA SHELTER FIN CORP LMediumNeutral
Announced Mon, 20 Jul · 18:30 IST

India Shelter Finance approves INR 100 Cr NCD issue at 8.10 percent coupon

Fund Raising View source PDF

INDIASHLTR · price

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AI summary

India Shelter Finance Corporation's Asset Liability Management Committee approved issuing secured, listed, redeemable NCDs worth INR 100 Crore through private placement on July 20, 2026. This includes a base issue of INR 75 Crore and a green shoe option of INR 25 Crore. The 10,000 NCDs (plus 2,500 green shoe) carry a face value of INR 1 Lakh each, a 60-month tenor, and an 8.10 percent annual fixed coupon paid quarterly. The issue is secured by a 1.10 times asset cover on standard receivables and will be listed on BSE.

Likely market impact

Raises INR 100 Cr via 5-year NCDs at 8.10 percent to boost lending capital; debt instrument so no equity dilution for shareholders.