QGO Finance Ltd. Approves Issuance of Secured and Unsecured Non-Convertible Debentures Worth Rs. 21,75,00,000

QGO Finance Ltd. has announced that its Board of Directors approved the issuance of Secured, Unlisted, Redeemable Non-Convertible Debentures (NCDs) and Unsecured, Unlisted, Redeemable Non-Convertible Debentures (NCDs) on a private placement basis. The Secured NCDs will comprise 400 NCDs of Rs. 50,000 each aggregating to Rs. 2,00,00,000. The Unsecured NCDs will be 1975 NCDs of Rs. 1,00,000 each, aggregating to Rs. 19,75,00,000. The tenure for the Secured NCDs is 84 months and for the Unsecured NCDs is 9 years. The coupon rate for both types of NCDs is 12% p.a. on a monthly basis.