Unifinz Capital allots NCDs worth INR 50 Crore on private placement
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Unifinz Capital India has allotted 50,000 non-convertible debentures on a private placement basis. Face value is INR 10,000 each, taking the aggregate to INR 50 Crore. Tenure is 18 months maturing January 28, 2028, with a fixed 12 percent annual coupon paid monthly. The issue is rated IND BBB with stable outlook by India Ratings and Research. Debentures are secured by a first ranking exclusive charge on identified book debts at 1.15 times cover and will be listed on the BSE wholesale debt market segment.
Company raises INR 50 Crore via 18-month NCDs at 12 percent annual coupon, maturing January 2028. Adds to debt load; high coupon reflects BBB minus rating.