Regency Fincorp Approves ₹35 Cr NCD Issuance

Regency Fincorp Ltd announced its Board of Directors has approved the issuance of 35,000 Secured, Rated, Listed, Non-Convertible Debentures (NCDs) with a face value of ₹10,000 each, aggregating to ₹35 crore. The issuance will be on a private placement basis, comprising a base issue of ₹20 crore and a green shoe option of ₹15 crore. The NCDs will have a tenure of 36 months, an interest rate of 13% per annum payable monthly, and are proposed to be listed on BSE Limited. Catalyst Trusteeship Limited has been appointed as the trustee, and Horizon Management Pvt Ltd as the merchant banker for this issuance.