Repco Home Finance Limited has informed the Exchange regarding 'Allotment of Commercial Papers '.
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Awaiting price reaction for this filing.
Repco Home Finance has allotted unlisted Commercial Papers (CPs) worth Rs. 100 crore on 6th June 2025. The issue consists of 2,000 units with a face value of Rs. 5 lakh each, carrying a coupon rate of 8.50% per annum. The Federal Bank Limited is the sole investor and also serves as the issuing and paying agent. The CPs are rated CARE A1+ (highest short-term rating) and are set to be redeemed on 5th June 2026, giving them a one-year tenure. Commercial Papers are short-term money market instruments typically used by companies to meet immediate funding needs.
This is a routine short-term borrowing of Rs. 100 crore at 8.50% interest, which is a standard treasury activity for NBFCs like Repco Home Finance. The CARE A1+ rating indicates strong credit quality and low default risk. There is no material impact on shareholders as the CP is privately placed with a single institutional investor (Federal Bank) and carries no special rights.