Announced Mon, 13 Jul · 10:52 IST
QGO Finance board approves 6 crore NCD issue at 12 percent
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+2.6%1-day move
₹41.94
prior close
—
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————+2.6+4.8+3.6+1.5+5.7+2.5————
Up moveDown movePending
AI summary
Board of QGO Finance approved issuance of 600 unsecured, unlisted, redeemable NCDs on private placement basis. Total size: Rs 6 crore (Rs 1 lakh per NCD). Tenure: 9 years. Coupon: 12 percent per annum fixed, paid monthly. Issue in one or more tranches, not to be listed on any exchange. No security created as these are unsecured debentures.
Likely market impact
Small Rs 6 crore debt raise at a high 12 percent rate suggests company is paying a premium for funds; no equity dilution, but high interest cost.