Poonawalla Fincorp has successfully issued non-convertible debentures (NCDs) totaling ₹1010 crore. This includes ₹1000 crore through ‘G2’ series NCDs and ₹10 crore via ‘G3’ series NCDs (first tranche). The ‘G2’ series are fully paid, while the ‘G3’ series are partly paid. These debentures are secured, redeemable, rated, and listed, offered through private placement.
Debenture Issuance Details
Poonawalla Fincorp Limited has announced the allotment of secured, redeemable, rated, and listed non-convertible debentures (NCDs) amounting to a total of ₹1010 crore. The decision was authorized by the Board of Directors and approved via a resolution dated October 31, 2025.
Specifics of the Issuance
The issuance includes 1,00,000 fully paid-up NCDs under the ‘G2’ series (STRPP I FY 2025-26), each with a face value of ₹1,00,000, totaling ₹1000 crore. Additionally, 1,00,000 partly-paid NCDs were issued under the ‘G3’ series (STRPP II FY 2025-26), each with a face value of ₹1,00,000 (paid-up value of ₹1,000 per debenture), amounting to ₹10 crore (first tranche).
Key Terms of the NCDs
The ‘G2’ series NCDs have a tenure of 5 years, maturing on October 31, 2030, and offer an interest rate of 7.90% p.a. The ‘G3’ series NCDs have a tenure of 5 years and 181 days, maturing on April 30, 2031, also with an interest rate of 7.90% p.a.
Security and Charge
The debentures are secured by a first-ranking pari passu charge on hypothecated properties, ensuring sufficient cover for the debenture holders’ security.
Additional Privileges
If Poonawalla Fincorp delays interest or principal payments by more than three months, the company will pay an additional coupon of 2% over the applicable rate until the default is resolved.
Source: BSE