Cholamandalam Investment and Finance Company Limited has issued a compliance certificate regarding the allotment of Secured Non-Convertible Securities. A total of 10,000 securities were allotted, representing an amount of ₹100 crore. These securities are listed on the WDM Segment of NSE, with a tenure of 2 years, 11 months, and 18 days. The coupon rate is set at 8.08%, with interest payments scheduled annually and at maturity on June 5, 2027, and June 5, 2029.
Secured Non-Convertible Securities Allotment
Cholamandalam Investment and Finance Company Limited confirms the allotment of Secured Non-Convertible Securities. The issuance involved 10,000 securities with a total allotted amount of ₹100 crore. This private placement was conducted through the NSE EBP platform. The securities are designated as Secured Non-Convertible Securities and are listed in the WDM Segment of the NSE.
Key Terms and Conditions
The issued securities have a tenure of 2 years, 11 months, and 18 days, totaling 1083 days. The coupon rate stands at 8.08%, with a re-issue yield of 8.15%. Coupon payments, along with the principal, are scheduled to be made annually and at maturity. The first payment date is June 5, 2027, with the final maturity date set for June 5, 2029. The security is backed by assets valued at 1x.
Disclosure Information
The company has also provided details regarding potential delays in interest or principal payments. For delays exceeding three months from the due date, specific actions may be outlined. No letters or comments regarding payment status or other matters concerning the security and assets have been formally raised. Similarly, there are no outstanding redemption details for preference shares or debentures to report at this time.
Source: BSE
