Cholamandalam Investment and Finance Company Limited has confirmed the allotment of Secured Non-Convertible Securities via a Private Placement. A total of 83,100 securities were allotted, amounting to ₹831 crore. The total issue size, including a green shoe option, stands at ₹1,500 crore. These securities are listed on the NSE WDM Segment and carry an 8.60% Coupon Rate with a tenure of 3 years and 6 days, maturing in March 2029.
Confirmation of Securities Issuance
Cholamandalam Investment and Finance Company Limited officially confirms the allotment of securities in compliance with current listing requirements. The issuance involved Secured Non-Convertible Securities, executed through a Private Placement mechanism utilizing the NSE EBP platform. The total Number of Securities allotted was 83,100, representing an Amount Allotted of ₹831 crore.
Issue Size and Listing Details
The overall Size of the Issue announced was ₹1,500 crore, which incorporates a green shoe option component valued at ₹1,000 crore. These newly issued securities are formally Listed in the WDM Segment of the NSE. The financial instruments have a defined Tenure of 3 years and 6 days, equivalent to 1102 days.
Coupon and Maturity Structure
The debt instruments feature an Coupon Rate of 8.60%, coupled with an Reissue Yield of 7.79%. The Coupon Frequency and Coupon Payment Dates are set for the 5th of March 2027, and then Annually thereafter until the final Maturity Date on the 5th of March 2029. Furthermore, the Security aspect is confirmed as Secured at 1x, with no specific special rights or privileges attached.
Default Status
The disclosure confirms that there has been No Default regarding the delay in payment of interest or principal for a period exceeding three months from the due date. Similarly, there are No Letters or Comments received regarding payment issues, and there are No Details of Redemption necessary as the securities are non-redeemable preference shares or debentures requiring this specific disclosure.
Source: BSE
