Aegis Vopak Terminals’ Board of Directors approved the allotment of 1,03,000 Redeemable, Senior, Rated, Listed, Secured, Taxable Non-Convertible Debentures (NCDs), each with a face value of ₹1,00,000, aggregating to ₹1030 Crore. These NCDs were issued on a private placement basis. The details of the allotment, including coupon rate and maturity, have been disclosed.
NCD Allotment Approved
The Board of Directors of Aegis Vopak Terminals has approved the allotment of Non-Convertible Debentures (NCDs) at a meeting held on January 05, 2026. The company will allot 1,03,000 NCDs, each with a face value of ₹1,00,000.
Details of the NCD Issue
The NCDs are Redeemable, Senior, Rated, Listed, Secured, and Taxable. The total amount raised through this issuance is ₹1030,00,00,000 (One Thousand and Thirty Crores). The NCDs are proposed to be listed on NSE Limited. The date of allotment is January 05, 2026, and the maturity date is January 05, 2029 (3 years from the date of allotment).
Coupon and Redemption
The NCDs carry a coupon rate of 7.40% per annum, payable annually. The principal will be repaid in bullet repayment at maturity. Coupon payments are scheduled for January 06, 2027, January 05, 2028, and January 05, 2029. The principal will be repaid on January 05, 2029.
Security and Charge
The NCDs are secured by a first-ranking charge over all tangible moveable fixed assets of the Issuer related to the Kandla LPG Terminal and Pipavav LPG terminal, and on a pari passu basis charge over all cashflows, receivables and bank accounts.
Put and Call Options
The NCDs have a Put Date of January 6, 2027 and January 5, 2028. The Call Date is January 6, 2027 and January 5, 2028.
Source: BSE
