Regency Fincorp Approves ₹75 Cr NCD Issuance

Regency Fincorp Limited's Board of Directors has approved the issuance of 75,000 Secured, Rated, Listed, Non-Convertible Debentures (NCDs) with a face value of INR 10,000 each, aggregating to INR 75 Crores. The NCDs will be issued on a private placement basis with a tenure of 15 months from the date of allotment. The coupon rate offered is 12.00% per annum, payable monthly, with principal repayment quarterly. The company has appointed Catalyst Trusteeship Limited as Trustee and Credora Partners Private Limited as Merchant Banker for this issuance. The NCDs are proposed to be listed on BSE Limited.