Regency Fincorp Limited has announced an NCD Issuance of up to INR 110 crore through two private-placement offerings, comprising a INR 60 crore issue and a INR 50 crore issue. The Secured, Rated and Listed Non-Convertible Debentures are aimed at strengthening the NBFC’s funding base and providing additional capacity to support the expansion of its lending operations.
As part of the NCD Issuance, the INR 50 crore tranche will comprise up to 50,000 NCDs, each carrying a face value of INR 10,000. The securities will offer a 13% annual coupon, payable monthly, with a 36-month tenure. The issue will be secured by a 1.35x security cover, including secured receivables.
Under the INR 60 crore tranche, Regency Fincorp plans to issue up to 60,000 NCDs, with each security carrying a face value of INR 10,000. The tranche will offer a 13.50% annual coupon payable on a monthly basis and will have a 15-month tenure. The NCDs will be backed by a 1.25x security cover, providing security against the underlying obligations.
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Commenting on the raise, Mr. Gaurav Kumar, Managing Director, Regency Fincorp Limited, said: “Securing Rs. 110 crore through these NCD issuances marks an important step in strengthening Regency Fincorp’s funding profile and enhancing our ability to support the continued growth of our lending franchise. The secured and rated structure reflects the confidence of our funding partners in our business model and credit discipline. As we scale, our focus remains on maintaining a diversified and robust liability profile while expanding access to credit for MSMEs, retail customers and emerging businesses. These funds will provide us with greater financial flexibility to pursue sustainable portfolio growth while continuing to remain disciplined in our approach to risk, asset quality and responsible lending.”
The Company will continue to focus on strengthening its funding profile and supporting sustainable growth across its lending franchise.
