Regency Fincorp Allots ₹60 Cr NCDs at 13% Coupon

Regency Fincorp Limited has approved the allotment of 60,000 Secured Rated Redeemable Non-Convertible Debentures (NCDs) with a face value of ₹10,000 each, aggregating to ₹60 Crores. The NCDs carry a coupon rate of 13% per annum and have a tenor of 30 months, with redemption due on March 11, 2029. The allotment was made on a private placement basis to identified investors, including Motilal Oswal Financial Services Ltd and Eshiruss Financial Consultants Private Limited. These NCDs are listed on BSE Limited and are secured by a 1.35x cover ratio over outstanding amounts.