Paisalo Digital Allots ₹124.5 Cr NCDs at 12% Coupon
- Paisalo Digital allotted 12,447 unsecured NCDs via private placement on September 18, 2026
- Each NCD has a face value of ₹1 lakh with a fixed coupon rate of 12.00% per annum
- The instruments have a tenure of 119 months and 26 days, maturing on September 13, 2036
- Interest is payable quarterly, with a final partial payment covering two months and 26 days
- Default interest applies at coupon plus 2.00% if payments are delayed by over three months
*this image is generated using AI for illustrative purposes only.
Paisalo Digital allotted 12,447 unsecured non-convertible debentures (NCDs) via private placement on September 18, 2026. The issuance raises approximately ₹124.5 crore, with each instrument carrying a face value of ₹1 lakh.
The Operations and Finance Committee of the Board of Directors approved the allotment through a resolution dated September 18, 2026. The company disclosed the details pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Instrument Terms
The NCDs are rated, listed, redeemable, taxable, and transferable. They carry a fixed coupon rate of 12.00% per annum, payable quarterly. The final interest payment will cover a period of two months and 26 days upon maturity.
| Metric | Detail |
|---|---|
| Total Securities | 12,447 NCDs |
| Face Value | ₹1 lakh each |
| Coupon Rate | 12.00% p.a. |
| Tenure | 119 months and 26 days |
| Maturity Date | September 13, 2036 |
| Security | Unsecured |
| Redemption | At Par |
The instruments are unsecured, meaning no charge or security is attached to the company’s assets. There are no special rights or privileges attached to these debentures.
Redemption and Default Provisions
The final redemption date is set for September 13, 2036. However, Paisalo Digital retains the option for early redemption as provided in the offer documents. In the event of a delay in payment of interest or principal for more than three months from the due date, a default interest rate of the coupon rate plus 2.00% per annum will apply.
Manendra Singh, Company Secretary, digitally signed the intimation filed with the BSE Limited, National Stock Exchange of India Limited, India International Exchange (IFSC) Ltd., and AFRINEX Limited.
Historical Stock Returns for Paisalo Digital
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.95% | +7.85% | +32.52% | +159.62% | +127.45% | +123.59% |
How will the 12% coupon rate impact Paisalo Digital's net interest margin and profitability given current market lending rates?
What specific growth initiatives or asset expansions is Paisalo Digital planning to fund with the ₹124.5 crore raised from this NCD issuance?
Given the unsecured nature of these debentures, how might this increase in leverage affect the company's future credit rating and borrowing capacity?
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