Cholamandalam Investment and Finance Company Limited has announced the issuance of Unsecured Subordinated Non-Convertible Securities. The company has allotted 50000 securities with an issue size of 1000 crs (including 500 crs green shoe). These securities are listed in the WDM Segment of NSE and have a tenure of 7 years with a coupon rate of 8.40%.
Issuance of Securities
Cholamandalam Investment and Finance Company Limited has issued Unsecured Subordinated Non-Convertible Securities through private placement. A total of 50000 securities have been allotted.
Key Details of the Issue
The size of the issue is 1000 crs, which includes a 500 crs green shoe option. These securities are listed in the WDM Segment of the National Stock Exchange (NSE). The tenure of the securities is 7 years, with a coupon rate of 8.40%. The coupon will be paid annually on November 25th and on the maturity date, which is November 25th, 2032.
Security Details
These securities are unsecured, with no special rights or privileges attached.
Source: BSE
