Cholamandalam Investment and Finance Company Limited has issued secured non-convertible securities through a private placement. The issue size is ₹1000 crs, which includes ₹500 crs green shoe option, with a coupon rate of 7.36%. These securities are listed on the WDM Segment of the NSE and have a tenure of 3 years. Interest will be paid annually on December 2nd and on the maturity date, December 2nd, 2028.
Securities Issuance Details
Cholamandalam Investment and Finance Company Limited has announced the issuance of secured non-convertible securities. These securities are issued through private placement.
Key Details of the Issue
The type of security issued is Secured Non-Convertible Securities, and the type of issuance is a Private Placement – NSE EBP. The number of securities issued is 50000. The amount allotted is ₹500 crs, and the size of the issue is ₹1000 crs (including ₹500 crs green shoe).
Listing and Tenure
The securities are Listed in WDM Segment of NSE, with a tenure of 3 years.
Coupon Rate and Payment
The coupon rate is set at 7.36%. The coupon frequency is annual, with payments scheduled on December 2nd and on the maturity date of December 2nd, 2028. These securities are secured at 1x.
Source: BSE