SBFC Finance has successfully completed the allotment of 10,000 secured, listed, redeemable, rated non-convertible debentures (NCDs), aggregating to ₹100 Crore. These NCDs were issued on a private placement basis at a face value of ₹1,00,000 each. The allotment was approved by the Board of Directors on 18th September 2026, with a maturity date of 18th June 2030.
SBFC Finance Completes ₹100 Crore NCD Allotment
SBFC Finance Limited has announced the successful allotment of 10,000 secured, listed, redeemable, rated non-convertible debentures (NCDs), thereby raising a total of ₹100 Crore. The issuance was conducted on a private placement basis, with each NCD having a face value of ₹1,00,000 and issued at par. This significant fundraising initiative was approved by the company’s Board of Directors through a resolution passed by circulation on 18th September 2026.
Key Terms of the NCDs
The newly issued NCDs are categorized as secured, listed, redeemable, and rated. They are to be listed on the BSE Limited (BSE). The tenure of the instrument spans from the allotment date of 18th September 2026 to the maturity date of 18th June 2030, marking a total duration of 45 months. The coupon interest for these NCDs will be floating, linked to the 3-month MIBOR-OIS rate, with an initial coupon rate set at 8.00% (comprising FBIL 3M MIBOR-OIS plus a spread of 2.57%). Interest payments will be made on a quarterly basis.
Security and Redemption
The NCDs are secured by a first-ranking, pari passu charge over the company’s hypothecated assets. The redemption of these debentures is scheduled for 18th June 2030.
Source: BSE
