SBFC Finance allot ₹100 crore secured NCDs at floating coupon
- SBFC Finance allotted ₹100 crore of secured NCDs via private placement
- Instruments carry an initial floating coupon of 8.00% linked to 3M MIBOR-OIS
- Tenure is 45 months with maturity scheduled for June 18, 2030
- Securities are secured by first-ranking charge on hypothecated assets
*this image is generated using AI for illustrative purposes only.
SBFC Finance Limited has completed the allotment of ₹100 crore worth of secured, listed, redeemable, rated non-convertible debentures (NCDs) through a private placement. The board approved the issuance via circulation on September 18, 2026.
The company allotted 10,000 debentures with a face value of ₹1,00,000 each at par. The securities are proposed to be listed on BSE Limited following in-principle approval granted on June 10, 2026.
Instrument Terms
The NCDs carry a floating coupon rate based on the 3M MIBOR-OIS benchmark. The initial coupon rate is set at 8.00%, derived from an average MIBOR-OIS of 5.43% plus a spread of 2.57%. Interest payments reset every three months.
| Feature | Details |
|---|---|
| Issue Size | ₹100 crore |
| Number of Securities | 10,000 |
| Face Value | ₹1,00,000 per debenture |
| Tenure | 45 months |
| Allotment Date | September 18, 2026 |
| Maturity Date | June 18, 2030 |
| Coupon Type | Floating (3M MIBOR-OIS + spread) |
| Initial Coupon Rate | 8.00% |
Security and Redemption
The issue is secured by a first-ranking, pari passu charge over the hypothecated assets of the company. The filing confirms no delays in interest or principal payments for more than three months from due dates.
Redemption will occur in tranches over the tenure, with partial redemptions scheduled quarterly alongside interest payments, culminating in full maturity on June 18, 2030.
Historical Stock Returns for SBFC Finance
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.03% | -6.21% | -1.69% | +3.00% | -14.64% | +0.17% |
How might the floating coupon structure based on 3M MIBOR-OIS impact SBFC Finance's interest expense if central bank rates rise over the 45-month tenure?
What specific strategic initiatives or asset expansions is SBFC Finance planning to fund with this ₹100 crore capital raise?
Given the quarterly tranche redemption schedule, how will this affect the company's liquidity management and refinancing needs between 2027 and 2030?
17
Access 50+ Readymade Screeners 
Use 200+ Custom Filters 
Get Full Market Insights 
