IBL Finance Limited — QIP/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!
