Regency Fincorp Allots ₹30 Cr Secured NCDs

Regency Fincorp Ltd has approved the allotment of 30,000 Listed Rated Secured Non-Convertible Debentures (NCDs) with a face value of ₹10,000 each, aggregating to ₹30 Crores. The NCDs carry a coupon rate of 14% and have a tenor of 12 months and 5 days, with a maturity date of August 16, 2027. The allotment was made on a private placement basis to identified investors, including AMBIUM FINSERVE PRIVATE LIMITED and WINTWEALTH DEBT FUND. The NCDs are secured with a first-ranking charge over hypothecated assets, maintaining a minimum security cover of 1.25x. Principal repayment is structured with 99% at the end of 6 months and 1% at maturity, while interest is paid monthly.