Poonawalla Fincorp Limited has successfully completed a private placement of non-convertible debentures (NCDs) amounting to ₹1,000.18 crore. The issuance, designated as series ‘B1’ for fiscal year 2026-27, carries an interest rate of 8.25% per annum. These secured, redeemable, and rated instruments are set to mature in two years, reinforcing the company’s commitment to strengthening its long-term financial resources through strategic debt instruments.
Details of the Issuance
The company has allotted 1,00,000 secured, redeemable, rated, listed non-convertible debentures. The face value per unit is set at ₹1,00,000, resulting in a base issue size of ₹1,000 crore, with an additional premium of ₹18.26 lakh. This capital raise was conducted via private placement and is officially classified as series ‘B1’ FY2026-27.
Tenure and Interest Structure
The debentures carry a tenor of 731 days (2 years), with an allotment date of May 11, 2026, and a scheduled maturity date of May 11, 2028. Investors will receive an annual coupon rate of 8.25%. The payment schedule for both principal and interest will follow the terms outlined in the previously circulated Key Information Document.
Security and Listing
The issuance is fully secured by a first ranking pari passu charge on the company’s hypothecated properties, ensuring sufficient security cover for the debenture holders. Furthermore, the company has confirmed that these instruments will be listed on the Debt Market Segment of the BSE Limited to ensure transparency and liquidity for investors.
Default Provisions
In the event of a delay in payment of interest or principal, the company is obligated to pay an additional 2% interest over and above the standard coupon rate. This penalty will remain applicable until the default is fully cured to the satisfaction of the appointed Debenture Trustee.
Source: BSE
