Cholamandalam Investment and Finance Company Limited has announced the allotment of Secured Non-Convertible Securities through a Private Placement. A total of 55,000 securities were allotted, amounting to 550 crs, as part of an issue size of 1000 crs (including 500 crs Green shoe). These securities are listed in the WDM Segment of NSE, with a tenure of 1826 days (5 years – Original tenor) and a coupon rate of 7.58%.
Details of Allotment
Cholamandalam Investment and Finance Company Limited has successfully completed the allotment of Secured Non-Convertible Securities. The issuance was executed through a Private Placement, specifically designated as NSE EBP.
Key Financial Terms
The total number of securities allotted is 55,000, with an aggregate value of 550 crs. This allotment falls within a broader issue size totaling 1000 crs, which includes a 500 crs Green shoe option.
Listing and Tenure
The securities are officially listed in the WDM Segment of the National Stock Exchange (NSE). The tenure for these securities is set at 1826 days, equivalent to 5 years based on the original tenor.
Coupon Rate and Payment Schedule
The securities carry a coupon rate of 7.58% per annum. Coupon payments are scheduled annually on the 14th of October, coinciding with the annual date and the maturity date, which is set for October 14, 2030. The security is secured at 1x.
Source: BSE
