Investment28 Nov 2024, 06:03 pm
Paisalo Digital Ltd. Approves USD 75 Million FCCB Issuance with 5-Year Maturity
AI Summary
Paisalo Digital Ltd. announced the outcome of its Committee Meeting held on November 28, 2024. The committee approved the issuance of 7.5% Secured Foreign Currency Convertible Bonds (FCCBs) up to USD 75 Million in one or more tranches with a maturity of 5 years. The issuance opened on the same day. The 'Relevant Date' for the purpose of issuance of the FCCBs is 28 November 2024, and the floor price is Rs.45.33 per equity share.
Key Highlights
- Paisalo Digital Ltd. to issue 7.5% Secured Foreign Currency Convertible Bonds (FCCBs) up to USD 75 Million
- The FCCBs have a maturity of 5 years as per applicable ECB guidelines set forth by the Reserve Bank of India
- The issuance opened on November 28, 2024
- The 'Relevant Date' for the purpose of issuance of the FCCBs is 28 November 2024
- The floor price is Rs.45.33 per equity share