Loan & Debt18 Sept 2026, 09:10 pm
SBFC Finance Allots ₹100 Cr in NCDs
AI Summary
SBFC Finance Ltd has announced the allotment of 10,000 secured, listed, redeemable, rated non-convertible debentures (NCDs) worth ₹100 Crore on a private placement basis. The NCDs have a face value of ₹1,00,000 each and were issued at par. The allotment was approved by the Board of Directors on September 18, 2026. These NCDs mature on June 18, 2030, carrying a floating interest rate linked to 3M MIBOR-OIS plus a spread. The issuance is intended to raise capital and will be listed on BSE Limited. The NCDs are secured by a first-ranking, pari passu charge over the company's hypothecated assets.
Key Highlights
- SBFC Finance raises ₹100 Crore via NCD issuance.
- NCDs are secured, listed, redeemable, and rated.
- Private placement to identified eligible investors.
- Maturity date set for June 18, 2030.
- Floating interest rate linked to 3M MIBOR-OIS.
Price Impact
More from SBFC