Lloyds Metals Allots ₹680 Cr NCDs at 9% Coupon

Lloyds Metals and Energy Limited has approved the allotment of 68,000 Senior, Secured, Listed, Rated, Redeemable, Non-Convertible Debentures (NCDs) with a face value of ₹1,00,000 each, aggregating to ₹680 Crores. The NCDs carry a coupon rate of 9.00% and have a tenor of approximately 3 years, with a redemption date of October 29, 2029. The allotment was made on a private placement basis via a circular resolution by the Committee of the Board of Directors on November 5, 2026. The NCDs are proposed to be listed on the National Stock Exchange of India Limited (NSE) and have received a credit rating of "Crisil AA/Stable".