Regency Fincorp Approves ₹40 Cr NCD Issuance

Regency Fincorp Ltd announced that its Board of Directors has approved the issuance of 40,000 Secured, Rated, Listed, Non-Convertible Debentures (NCDs) with a face value of ₹10,000 each, aggregating to ₹40 Crores. This issuance includes a base issue of ₹20 Crores and a Green Shoe Option of ₹20 Crores, to be placed on a private placement basis. The NCDs will have a tenure of 12 months and 5 days, with an interest rate of 14.00% per annum. The company has also appointed Catalyst Trusteeship Limited as Trustee, Credora Partners Private Limited as Merchant Banker, and Infomerics Valuation and Rating Limited as the credit rating agency for this issuance. The NCDs are proposed to be listed on BSE Limited.