Spandana Sphoorty Approves ₹500 Cr NCD Issuance

Spandana Sphoorty Financial Ltd's Management Committee approved the issuance of up to 5,00,000 Listed, Rated, Senior, Secured, Redeemable, Taxable, Non-Convertible Debentures (NCDs) with a face value of ₹10,000 each, including a green shoe option of 2,00,000 NCDs, on a private placement basis. The total issue size amounts to ₹500 crore, with the green shoe option being ₹200 crore. The NCDs will have a tenure of 729 days, with an allotment date of April 28, 2026, and maturity date of April 26, 2028. The coupon rate is 11.25% per annum, payable monthly. The NCDs are secured and will be listed on BSE Limited.