Home First Finance Approves NCD Issuance of ₹150 Crore

Home First Finance Company India Ltd announced that its Committee of Directors and Review Committee has approved the issuance of Non-Convertible Debentures (NCDs). The company plans to raise up to ₹150 crore through the issuance of 15,000 senior, secured, rated, listed, taxable, redeemable, transferable NCDs, each with a face value of ₹1,00,000. These NCDs will be issued on a private placement basis to identified investors and are proposed to be listed on the wholesale debt market segment of BSE Limited. The tenure of the NCDs is approximately 59 months and 25 days, with a proposed allotment date of August 28, 2026, and maturity on August 22, 2031. The interest rate will be benchmarked against the 3-month overnight indexed swap (OIS) based lending rate plus a spread, payable quarterly.