Paisalo Digital Limited has informed the Exchange regarding 'Listing of 7.5% Foreign Currency Convertible Bonds (FCCBs) Due 2029- Paisalo Digital Limited on Global Securities Market of India International Exchange (IFSC) Limited'.
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Paisalo Digital Limited has informed the exchanges that its 7.5% Secured Foreign Currency Convertible Bonds (FCCBs) maturing in December 2029 will be listed on the Global Securities Market of India International Exchange (IFSC) Limited from July 31, 2025. The bonds, originally issued on December 10, 2024, have a total size of USD 50 million with a minimum denomination of USD 200,000, indicating they are targeted at institutional and high-net-worth investors. The bonds carry a fixed coupon of 7.50% per annum, are convertible into equity, and are issued in foreign currency with ISIN XS2952463086. GLAS Trust Company LLC is acting as the trustee for the issue.
This listing gives foreign and domestic institutional investors easier access to trade Paisalo's FCCBs, potentially improving liquidity for bondholders. Equity shareholders should note that these are convertible bonds, meaning they could convert into equity shares before maturity, which may lead to dilution if conversion happens at attractive terms.