Spandana Sphoorty Financial Ltd

📈 Spandana Sphoorty Financial Issues ₹500 Crore NCDs with 11.25% Annual Coupon

- Issuance of up to 5,00,000 Non-Convertible Debentures (NCDs) with a face value of ₹10,000 each

- Green shoe option for an additional 2,00,000 NCDs, potentially totaling 7,00,000 NCDs

- Total issue size of ₹500 crore, with potential increase to ₹700 crore via green shoe

- NCDs are listed, rated, senior, secured, redeemable, taxable, and non-convertible

- Issued via private placement and listed on BSE Limited

- Tenure of 729 days, with allotment on April 28, 2026, and maturity on April 26, 2028

- Coupon rate of 11.25% per annum, payable monthly on the 26th of each month

- Principal repayment is half-yearly on the 26th of respective months, starting October 26, 2026

- Secured and redeemable at par