Spandana Sphoorty Financial Ltd announced on Monday (April 20) that it has authorized the issuance of non-convertible debentures (NCDs) worth up to ₹500 crore via private placement, which includes a green shoe option of ₹200 crore.
On April 20, 2026, the Management Committee of the board approved the proposal to issue a maximum of 5,00,000 listed, rated, senior, secured, redeemable, taxable NCDs, each with a face value of ₹10,000. The debentures will be listed on BSE Ltd.
The offering includes a base amount of ₹300 crore and a green shoe option for 2,00,000 NCDs totaling ₹200 crore, bringing the overall issue size to ₹500 crore.
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These NCDs will feature a coupon rate of 11.25% per annum, payable monthly. Interest payments will be made on the 26th of each month, starting from May 26, 2026, until April 26, 2028.
The instrument has a tenure of 729 days from the deemed date of allotment. Allotment is anticipated on April 28, 2026, with maturity on April 26, 2028.
Principal repayments will occur biannually on the 26th of the designated months, commencing on October 26, 2026, and continuing until maturity. The debentures will be secured and redeemed at par.
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The company has indicated that there are no special rights or privileges associated with the instrument, and there have been no instances of delay or default in the payment of interest or principal. Additionally, there are no communications regarding payment concerns, and the proposal does not include any cancellation or termination of issuance plans.
Shares of Spandana Sphoorty Financial Ltd closed at ₹221.50, down by ₹4.40, or 1.95%, on the BSE today, April 20.
(Edited by : Shoma Bhattacharjee)
First Published: Apr 20, 2026 5:50 PM IST
