Announced Thu, 23 Jul · 11:18 IST
Regency Fincorp allots 40 Crore NCDs at 14 percent coupon rate
Price
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Price reaction · full curve 14 horizons · vs prior close
-3.6%1-day move
₹45.30
prior close
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base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————-3.6-7.2————————
Up moveDown movePending
AI summary
Regency Fincorp allotted 40,000 secured listed NCDs at 14 percent coupon via private placement, raising Rs 40 Crores from RNB Corporate Services and LC Capital India. Tenor is about 12 months, maturity 28 July 2027. Principal will be repaid 95 percent in the sixth month and 5 percent at maturity. NCDs are secured by a 1.25 times charge on receivables. Interest is paid monthly.
Likely market impact
Raises Rs 40 Crore debt at 14 percent interest. No equity dilution, but high borrowing cost increases interest expense for this NBFC.