Allotment of secured rated listed non convertible Non Convertible Debentures
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Regency Fincorp Limited has allotted 25,000 secured NCDs with face value of INR 10,000 each at 14% coupon rate, raising INR 25 crores through private placement. The single allottee is LC Capital India Private Limited. The NCDs are listed on BSE with maturity on 23rd June 2027 (approx. 13.5 months tenor). Principal and interest payments are structured on a quarterly basis with equal installments of INR 5 crore. The NCDs are secured against a 1.25x security cover (125%) primarily from principal receivables. A default penalty of 5% per month over the coupon rate applies if payments are missed.
The 14% coupon rate is notably high, suggesting the company accessed expensive debt capital, possibly due to limited financing options or growth funding needs typical for smaller NBFCs.