Dear Sir/Madam, Pursuant to regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulation, 2015 we hereby inform you that the ....
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QGO Finance Ltd has allotted 200 Unsecured, Unlisted, Redeemable Non-Convertible Debentures (NCDs) worth Rs. 2 crore on a private placement basis, under its total NCD issue size of Rs. 6 crore. Each NCD has a face value of Rs. 1 lakh, carries a 12% per annum coupon payable monthly, and has a 9-year tenure maturing on October 23, 2034. This is the 39th tranche (Tranche-XXXIX) of the company's NCD issuance, with 400 more securities still pending allotment. The NCDs are unsecured and will not be listed on any stock exchange.
The high 12% coupon suggests aggressive fundraising, likely reflecting the NBFC's funding needs, but the unsecured and unlisted nature carries credit risk for NCD holders. For equity shareholders, incremental debt at a steep cost could pressure margins if lending yields do not keep pace.