Indostar Capital Finance Ltd

IndoStar Capital Raises ₹600 Crore via NCDs at 9.25% Fixed Rate 📈

• Issued 60,000 NCDs via private placement totaling ₹600 crore

• All series carry a fixed coupon rate of 9.25% per annum

• Series breakdown: Series XXXI (₹200 crore), Series XXXII (₹125 crore), Series XXXIII (₹275 crore)

• Maturity dates: Series XXXI (Nov 22, 2027), Series XXXII (Nov 23, 2027), Series XXXIII (Jan 24, 2028)

• NCDs are senior, secured, rated, and listed on NSE

• Annual interest payment structure