The HSBC , the Company''s lender, has reduced the spread from 233 bps to 200 bps , and has also changed benchmark rate type ( with tenor) from 1 month to 3 month T bill , both effective ....
NIRLON · price
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Nirlon Ltd has received notification from lender HSBC regarding changes to its Green Loan facility. HSBC has reduced the interest rate spread from 233 basis points to 200 basis points, effective April 27, 2026. Additionally, the benchmark rate type has been changed from a 1-month Treasury Bill to a 3-month Treasury Bill with the same effective date. This marks a return to the more favorable spread terms that were in place before June 2025, when HSBC had increased the spread back to 233 bps. The change is being disclosed under SEBI LODR Regulation 30 requirements.
The reduction in spread and favorable benchmark change will lower borrowing costs for Nirlon Ltd on this Green Loan facility. This is a positive development for the company's debt servicing costs and financial flexibility.