The Board of Directors at Aegis Vopak has approved the allotment of 66,000 Redeemable, Senior, Rated, Listed, Secured, Taxable Non-Convertible Debentures, each with a face value of ₹1,00,000. This totals an aggregate amount of ₹660,00,00,000 (₹660 Crore). The allotment was made on a Private Placement basis during a board meeting held on November 07, 2025.
Debenture Allotment Details
Aegis Vopak Terminals Limited’s Board of Directors has approved the allotment of Non-Convertible Debentures (NCDs) during its meeting on November 07, 2025. The specifics of the allotment are as follows:
- Type of Securities: Redeemable, Senior, Rated, Listed, Secured, Taxable Non-Convertible Debentures
- Number of Debentures: 66,000
- Face Value per Debenture: ₹1,00,000
- Total Amount: ₹660,00,00,000 (₹660 Crore)
- Placement Type: Private Placement
Key Terms of the Debentures
The key terms associated with the allotted debentures include:
- Listing: Proposed to be listed on NSE Limited
- Allotment Date: November 07, 2025
- Maturity Date: November 07, 2028 (3 years from the date of allotment)
- Coupon Rate: 6.92% per annum
- Coupon Payment Frequency: Quarterly
- Principal Payment: Bullet payment at maturity
Scheduled coupon payment dates are set quarterly, with the principal due on November 07, 2028.
Security and Special Rights
The debentures are secured by:
- All tangible moveable fixed assets, present, of the Borrower at Mangalore Port (LPG and Liquid terminal).
- All the cashflows, receivables, book debt, bank accounts etc. present and future of the Borrower.
Aegis Vopak is required to maintain a minimum FACR of 1.30x (consolidated) on book value basis of fixed movable assets.
The instrument also includes Put/Call options on November 9, 2026, and November 9, 2027.
Source: BSE
