Angel One has approved the issuance of senior, rated, secured, listed, redeemable non-convertible debentures (NCDs) for a total amount of INR 50,00,00,000 (Indian Rupees Fifty Crore). These NCDs will be issued on a private placement basis to eligible investors. The NCDs are proposed to be listed on the Wholesale Debt Market Segment of the National Stock Exchange of India Limited (NSE). The tenure of the instrument is 18 months from the deemed date of allotment, with a coupon/interest rate of 8.75%.
NCD Issuance Approved
The Loan, Investment and Borrowings Committee of Angel One has approved and finalized the issue of Non-Convertible Debentures (NCDs) in its meeting held on February 03, 2026. The NCDs are senior, rated, secured, and redeemable.
Key Terms of the NCDs
Here are the essential details of the approved NCD issuance:
- Type of Securities: Senior, Rated, Secured, Redeemable, Listed NCDs
- Type of Issuance: Private Placement to eligible investors
- Total Number of Securities: 5000 NCDs
- Face Value: INR 1,00,000 per NCD
- Total Issue Size: INR 50,00,00,000 (Indian Rupees Fifty Crore)
- Listing: Proposed on the Wholesale Debt Market Segment of NSE
- Tenure: 18 months from the Deemed Date of Allotment
- Coupon/Interest Rate: 8.75%
- Security: A first pari-passu charge by way of hypothecation over all present and future trade receivables and loans in the form of margin trading facilities of the Company with a security cover of 1.00 times
Additional Interest on Delay
In case of default in payment of principal amounts and/or coupon on the relevant due date, Angel One will pay additional interest at a rate of 2% per annum above the Coupon Rate on the outstanding principal amounts from the date of the occurrence of the relevant default, until such default is cured or the NCDs are fully redeemed.
Source: BSE
