Loan & Debt27 May 2026, 07:31 pm
Cholamandalam Finance Allots 500,000 NCDs Due May 2026
AI Summary
Cholamandalam Investment and Finance Company Ltd confirms the allotment of 500,000 units of secured redeemable rated listed Non-Convertible Debentures (NCDs) on May 27, 2026. The NCDs, issued through private placement on the NSE EBP platform, have a tenure of 2 years and 9 months (1007 days). The coupon rate is set at 3-month T-Bill + 2.75%, resulting in an initial rate of 8.12%. Coupon payments are scheduled annually, with the first reset on February 27, 2026, and maturity on February 27, 2029. The issue size and amount allotted are ₹5000 crs.
Key Highlights
- Cholamandalam Finance allots 500,000 secured NCDs.
- NCDs are redeemable and listed, maturing on May 27, 2026.
- The coupon rate is 3-month T-Bill + 2.75% (8.12% initial rate).
- The issue size and amount allotted are ₹5000 crs.
- Tenure of the NCDs is 2 years and 9 months (1007 days).