Investment3 Mar 2026, 12:34 pm
Fedbank Financial Services Ltd. to Issue up to Rs. 500 Crores Unsecured NCDs
AI Summary
Fedbank Financial Services Ltd. announced the issuance of up to 50,000 Rated, Listed, Unsecured, Non-Cumulative, Redeemable, Subordinated, Non-Convertible Debentures ('NCDs') worth Rs. 500,00,00,000 on a private placement basis. The NCDs, having a face value of Rs. 1,00,000 each, will be listed on the Bombay Stock Exchange (BSE) with a tenure of 7 years and 7 months, offering a fixed coupon of 9% p.a. payable annually.
Key Highlights
- Fedbank Financial Services Ltd. to issue up to Rs. 500 crores worth of NCDs
- 50,000 NCDs with a face value of Rs. 1,00,000 each will be issued
- NCDs to be listed on the Bombay Stock Exchange (BSE)
- Fixed coupon rate of 9% p.a. payable annually
- Tenure of 7 years and 7 months from the deemed date of allotment