Loan & Debt8 Jun 2026, 04:12 pm
Aye Finance Approves Issuance of NCDs Worth USD 15 Million
AI Summary
Aye Finance Ltd announced today that its WALCO committee has approved the issuance of senior, secured, rated, listed, redeemable, transferable, non-convertible debentures (NCDs) amounting to up to USD 15 million. These NCDs will have a face value of INR 1,00,000 each and will be issued on a private placement basis. The debentures will be listed on the Wholesale Debt Market Segment of BSE Limited, have a tenure of 5 years, and will be secured by a first-ranking charge over identified assets and receivables. The issuance aims to raise capital for the company's operations and growth initiatives.
Key Highlights
- Aye Finance approved issuance of NCDs worth up to USD 15 million.
- NCDs are senior, secured, rated, listed, redeemable, and transferable.
- Issuance is on a private placement basis with listing on BSE.
- Debentures will be secured by a first-ranking charge on assets and receivables.
- Maturity period for the NCDs is 5 years from the date of allotment.
Price Impact
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