Alpha Tribe

IBL Finance LimitedQIP/Rights/Pref., 10-04-2025: Allotment of Securities

10-04-2025 · 05:22 pm

IBL Finance Limited's Finance Committee has approved the allotment of 6 unlisted, senior, secured, unrated, taxable, redeemable non-convertible debentures (NCDs) of ₹1,00,000 each, totaling ₹6,00,000 on a private placement basis. The NCDs feature a fixed coupon rate of 11.50% per annum, with monthly interest payments and maturity set for 09th July 2027. The issuance is secured by a hypothecation of receivables with a minimum coverage of 1.05 times the loan amount, ensuring protection for debenture holders. No regulatory listing for these securities is planned.

No comments yet. Be the first to comment!

All announcements from IBL Finance Limited