Regency Fincorp Plans ₹65 Cr NCD Issuance

Regency Fincorp Ltd announced its Board of Directors has approved the issuance of 65,000 Secured, Rated, Listed, Non-Convertible Debentures (NCDs) aggregating to ₹65,00,00,000 (₹65 Crore). The issuance will be on a private placement basis, with a base issue of 25,000 NCDs (₹25 Crore) and a Green Shoe Option of 40,000 NCDs (₹40 Crore). The NCDs will have a face value of ₹10,000 each, a tenure of 18 months, and an interest rate of 12.00% per annum, payable monthly. Catalyst Trusteeship Limited has been appointed as the Trustee, and Credora Partners Private Limited as the Merchant Banker for this issuance. The NCDs are proposed to be listed on BSE Limited.