Regency Fincorp Allots ₹40 Cr Secured NCDs on Private Placement

Regency Fincorp Limited has approved the allotment of 40,000 Secured, Rated, Redeemable Non-Convertible Debentures (NCDs) with a face value of INR 10,000 each, aggregating to INR 40 Crores. The allotment was made on a private placement basis to identified investors, RNB Corporate Services Private Limited and L C Capital India Private Limited. The NCDs carry a coupon rate of 14% per annum and have a tenor of 12 months and 5 days, with redemption scheduled for July 28, 2027. The issuance is secured by a 1.25x charge over receivables (performing loans).