Outcome of Board Meeting for Allotment of Non Convertible Debenture
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, rated, redeemable NCDs with a face value of INR 10,000 each, raising a total of INR 25 crores through private placement. The debentures carry a 14% coupon rate and are listed on BSE. The sole allottee is LC Capital India Private Limited. The tenor is approximately 13 months and 17 days, maturing on 23rd June 2027. Both principal and interest are payable quarterly over the tenure, with a security cover of 1.25x the outstanding amounts.
The 14% coupon rate is notably high, indicating this is a high-yield debt issuance typical of smaller NBFCs. Shareholders should note the company is taking on significant debt obligations with quarterly repayment commitments through June 2027.