The Board of Directors at AEGIS VOPAK has approved the allotment of 66,000 Redeemable, Senior, Rated, Listed, Secured, Taxable Non-Convertible Debentures, each valued at ₹1,00,000, aggregating to ₹660,00,00,000 (₹660 Crore). The allotment was made on a private placement basis. The debentures are proposed to be listed on NSE Limited and have a maturity date of November 07, 2028.
Debenture Allotment Details
AEGIS VOPAK has announced the successful allotment of 66,000 Redeemable, Senior, Rated, Listed, Secured, Taxable Non-Convertible Debentures (NCDs). Each debenture has a face value of ₹1,00,000, bringing the total issue size to ₹660 Crore. This financial move was approved during a board meeting held on November 07, 2025.
Key Terms of the Debentures
The NCDs offer a coupon rate of 6.92% per annum, payable quarterly. The maturity date for these debentures is set for November 07, 2028, three years from the date of allotment. The NCDs are proposed to be listed on the NSE Limited, enhancing their liquidity.
Security and Special Privileges
The debentures are secured by a charge on all tangible moveable fixed assets of the Borrower at Mangalore Port (LPG and Liquid terminal) and all the cashflows, receivables, book debt, bank accounts etc, present and future of the Borrower. The Issuer is required to maintain a minimum FACR of 1.30x (consolidated) on book value basis of fixed movable assets.
The instrument has a Put Date (November 9, 2026 and November 9, 2027) and a Call Date (November 9, 2026 and November 9, 2027).
Redemption Details
The redemption date for the debentures is November 07, 2028. In case of default in payment of interest and/or Redemption Amount on due dates, additional interest of 2% p.a. over the Coupon Rate will be payable by the Issuer for the period of default.
Source: BSE
