Poonawalla Fincorp allots ₹850 crore in two new NCD series
- Poonawalla Fincorp allotted ₹100 crore in Series E1 NCDs at 8.09% coupon
- The company also allotted ₹750 crore in Series F1 NCDs at 8.31% coupon
- Total allotment value stands at ₹850 crore across both series
- Debentures are secured by first-ranking charge on hypothecated properties
- Maturity dates range from February 2029 to September 2029
*this image is generated using AI for illustrative purposes only.
Poonawalla Fincorp approved the allotment of ₹850 crore worth of Non-Convertible Debentures (NCDs) across two series on September 16, 2026. The Finance Committee sanctioned the issuance of secured, redeemable, rated, and listed instruments following the initial approval on September 10, 2026.
Allotment details
The company allotted 10,000 debentures under PFL NCD Series E1 FY 2026-27 Re-Issuance I and 75,000 debentures under PFL NCD Series F1 FY 2026-27. Each debenture carries a face value of ₹1,00,000. The total consideration for Series E1 included accrued interest of ₹66.49 lakh and a discount of ₹26.21 lakh, bringing the total amount to ₹100.40 crore.
| Series | Face Value | Coupon Rate | Tenure | Maturity Date |
|---|---|---|---|---|
| PFL NCD Series E1 FY 2026-27 Re-Issuance I | ₹100 crore | 8.09% p.a. | 884 days | February 16, 2029 |
| PFL NCD Series F1 FY 2026-27 | ₹750 crore | 8.31% p.a. | 1,097 days | September 17, 2029 |
The obligations under the debentures are secured by a first-ranking pari passu charge on hypothecated properties sufficient to provide the required security cover. In the event of a delay in payment of interest or principal for more than three months, the company will pay a penalty coupon at a rate of 2% over and above the applicable coupon rate until the default is cured to the satisfaction of the Debenture Trustee.
The NCDs are proposed for listing on BSE Limited. The issuance complies with Regulation 30 and 51 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.
Historical Stock Returns for Poonawalla Fincorp
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -2.35% | -9.49% | -9.53% | +17.64% | -12.90% | +166.05% |
How will the ₹850 crore NCD issuance impact Poonawalla Fincorp's debt-to-equity ratio and overall leverage metrics in the coming fiscal year?
What specific growth initiatives or asset acquisition strategies is the company likely funding with these proceeds given the secured nature of the instruments?
How might the current interest rate environment and yield curve dynamics influence the subscription levels and pricing of future NCD series for Poonawalla Fincorp?
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