Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
The latest announcement is out from Repco Home Finance Ltd. ( (IN:REPCOHOME) ).
Repco Home Finance Ltd. has approved the allotment of 12,500 listed, rated, secured, senior, transferable, redeemable non-convertible debentures with a face value of Rs. 1,00,000 each, aggregating to Rs. 125 crore, through a private placement on the BSE Electronic Book Provider platform. The issue, carrying a fixed coupon of 8.40% per annum payable monthly and maturing over 36 months with staggered redemptions from 2027 to 2029, strengthens the company’s access to debt capital markets and provides term funding backed by hypothecated loan receivables with a minimum 1.10x security cover, which is relevant for investors assessing risk and for the firm’s future loan book growth and liquidity profile.
The debentures will be listed on BSE, enhancing tradability and transparency for institutional and other eligible investors. Structuring the issue as secured NCDs with clearly defined security cover, step-up interest in case of payment default, and phased redemption underscores the company’s effort to balance its funding costs with investor protections, which may support market confidence in its credit profile and funding strategy.
More about Repco Home Finance Ltd.
Repco Home Finance Ltd. is a housing finance company that provides home loans and related mortgage-backed credit products to retail customers in India. The firm focuses on secured lending against residential properties, positioning itself within the non-banking financial company (NBFC) and housing finance segment of the Indian financial services market.
Average Trading Volume: 3,818
Technical Sentiment Signal: Sell
Current Market Cap: 23.05B INR
For detailed information about REPCOHOME stock, go to TipRanks’ Stock Analysis page.