Aye Finance Approves Issuance of ₹220 Cr NCDs

Aye Finance Ltd announced that its WALCO committee has approved the offer and issuance of up to 22,000 rated, senior, listed, secured, redeemable, non-convertible debentures (NCDs) with a face value of ₹1,00,000 each, aggregating to ₹220 crore. This includes a green shoe option of up to ₹20 crore. The NCDs will be issued on a private placement basis and are proposed to be listed on the Wholesale Debt Market Segment of BSE Limited. The tenure of the instrument is 24 months, with a coupon rate of 9.75% per annum payable monthly. The principal is payable on the final redemption date, which is 24 months from the deemed date of allotment.