Poonawalla Fincorp Allots ₹1318 Cr in Non-Convertible Debentures
Poonawalla Fincorp Limited has announced the allotment of Non-Convertible Debentures (NCDs) worth ₹1318 crore. The Finance Committee approved the allotment of 91,300 secured, redeemable, rated, listed NCDs amounting to ₹913 crore (PFL NCD SERIES ZCB G1 FY 2026-27) and 40,500 NCDs amounting to ₹405 crore (PFL NCD SERIES G2 FY 2026-27). The NCDs are listed on the BSE Limited's Debt Market Segment. The first series has a tenure of 1,461 days (4 years) with a zero coupon, maturing on October 29, 2030. The second series has a tenure of 1,096 days (3 years) with a 9.00% p.a. coupon, maturing on October 29, 2029. The obligations are secured by a first-ranking pari passu charge on hypothecated properties.
Key Highlights
- Allotment of NCDs totaling ₹1318 crore approved.
- Two series of NCDs allotted: ₹913 crore and ₹405 crore.
- Debentures are secured, redeemable, rated, and listed on BSE.
- Tenures are 4 years (zero coupon) and 3 years (9% p.a.).
- Funds raised through debt issuance to bolster capital.
Price Impact
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