Arman Financial Services allotted 1,25,000 NCDs at ₹10,000 face value each, aggregating ₹125 crore on private placement basis.
NCDs carry 10.90% p.a. coupon, payable quarterly, with 30-month tenure maturing on September 25, 2028.
Debentures rated 'Acuite A-' (stable) by Acuite Ratings, secured by first-ranking charge over receivables, to be listed on BSE WDM.