Regency Fincorp to issue ₹30 Cr NCDs via private placement

Regency Fincorp Ltd's Board of Directors approved the issuance of 30,000 Secured, Rated, Listed, Non-Convertible Debentures (NCDs) totaling ₹30 Crores. Each NCD has a face value of ₹10,000 and will be issued on a private placement basis, slated for listing on BSE Limited. The debentures carry a 14% annual interest rate, payable monthly, with principal payments made quarterly over a tenure of 12 months and 5 days. The issue will be secured by a first ranking and exclusive charge of 1.25 times the outstanding principal and accrued interest over the company's receivables. Catalyst Trusteeship Limited was appointed as the trustee and Credora Partners Private Limited as the merchant banker for this NCD issuance.