Regency Fincorp Allots ₹50 Cr NCDs on Private Placement

Regency Fincorp Limited has approved the allotment of 50,000 Secured, Rated, Redeemable Non-Convertible Debentures (NCDs) with a face value of INR 10,000 each, aggregating to INR 50 Crores. The NCDs carry a coupon rate of 13% per annum and have a tenor of 36 months, maturing on August 27, 2029. The allotment was made on a private placement basis to identified investors, including Sunrise Gilts and Securities Private Limited, Eshiruss Financial Consultants Private Limited, and Infixin Technologies Private Limited. The NCDs are listed on BSE Limited and are secured by receivables with a 1.35x security cover ratio.