Repco Home Finance Allots Rs 125 Cr NCDs via Private Placement

Repco Home Finance Limited's Securities Allotment Committee approved allotment of 12,500 listed, rated, secured, senior, redeemable non-convertible debentures (NCDs) of Rs 1 lakh face value each, aggregating Rs 125 crore.

NCD Terms

The Series No: 1 NCDs (8.40% Repco Home Finance Limited 2029) carry 8.40% fixed coupon payable monthly over 36 months (allotment March 13, 2026; maturity March 13, 2029). Redemption occurs in tranches: 34% on March 12, 2027, 33% each on March 13, 2028 and 2029.

Security Structure

Hypothecated assets maintain 1.10x security cover (value and principal receivables); default incurs 2% p.a. additional interest over coupon rate. Allotment via BSE Electronic Book Provider platform.

Shares of Repco Home Finance Limited was last trading in BSE at Rs. 368.40 as compared to the previous close of Rs. 364.10. The total number of shares traded during the day was 5423 in over 254 trades.

The stock hit an intraday high of Rs. 381.30 and intraday low of 356.40. The net turnover during the day was Rs. 2008180.00.

Source : Equity Bulls

Keywords

RepcoHomeFinance INE612J01015 FundRaising NCDs PrivatePlacement