Regency Fincorp Raises Rs. 110 Crore Through Secured NCD Issuances to Strengthen Funding Base
Zirakpur : Regency Fincorp Limited, a non-banking financial company (NBFC) focused on providing accessible and customer-centric financial solutions, has raised two issuances of Secured, Rated and Listed Non-Convertible Debentures (NCDs) aggregating up to Rs. 110 crore, through private placement. The proposed issuances comprise a Rs. 60 crore and a Rs. 50 crore issue, taking the total potential fundraise to Rs. 110 crore. The issuances are aimed at strengthening the Company’s funding base and supporting its growth plans.
The Rs. 50 crore NCD issuance will comprise up to 50,000 units with a face value of Rs. 10,000 each. The NCDs will carry a coupon of 13% per annum, payable monthly, with a 36-month tenure. The NCDs are secured with a 1.35x security cover, including secured receivables.
The Rs. 60 crore NCD issuance will comprise up to 60,000 units with a face value of Rs. 10,000 each. The NCDs will carry a coupon of 13.50% per annum, payable monthly, with a 15-month tenure. The issuance carries a 1.25x security cover.
Commenting on the raise, Mr. Gaurav Kumar, Managing Director, Regency Fincorp Limited, said, “Securing Rs. 110 crore through these NCD issuances marks an important step in strengthening Regency Fincorp’s funding profile and enhancing our ability to support the continued growth of our lending franchise. The secured and rated structure reflects the confidence of our funding partners in our business model and credit discipline. As we scale, our focus remains on maintaining a diversified and robust liability profile while expanding access to credit for MSMEs, retail customers and emerging businesses. These funds will provide us with greater financial flexibility to pursue sustainable portfolio growth while continuing to remain disciplined in our approach to risk, asset quality and responsible lending.”
The Company will continue to focus on strengthening its funding profile and supporting sustainable growth across its lending franchise.
