Cholamandalam Investment and Finance Company has allotted secured non-convertible securities through private placement. The issue consists of 100,100 securities, amounting to ₹1001 crore. These securities are listed on the WDM segment of the NSE and have a tenure of 2.15 years (785 days). The coupon rate is 8.20%, with a yield of 7.54% per annum.
Details of Security Issuance
Cholamandalam Investment and Finance Company Limited has announced the allotment of Secured Non-Convertible Securities. This issuance was executed through a private placement, with the securities listed on the Wholesale Debt Market (WDM) segment of the National Stock Exchange (NSE).
Key Terms and Conditions
The issuance involves 100,100 securities, with a total amount allotted of ₹1001 crore. The size of the issue is ₹1500 crore (including a ₹500 crore green shoe option). These securities have a tenure of 2.15 years (785 days). The coupon rate is set at 8.20% with a yield of 7.54%.
Coupon Payment Details
Coupon payments are scheduled annually on February 17th and on the maturity date, which is also February 17th, 2028. The securities are secured at 1x.
Source: BSE
