Intimation of full redemption of 600 9.95% Listed, Secured Redeemable Non Convertible Debentures having ISIN - INE420C07072
PAISALO · price
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Paisalo Digital Ltd has announced the full redemption of 600 Listed, Secured Redeemable Non-Convertible Debentures (NCDs) bearing a 9.95% coupon rate. The debentures, identified by ISIN INE420C07072, have been redeemed in full, meaning the company has repaid the entire principal owed to these debenture holders. This marks the complete closure of this particular debt instrument from the company's books. The move reduces the company's outstanding secured debt obligations.
Reduces the company's debt burden and interest outflow by 9.95% on this tranche, which is mildly positive for shareholders as it lowers leverage and future interest costs.