Key Quantitative Figures
- Number of Securities Allotted: 35,000
- Amount Allotted: ₹350 crores
- Total Size of the Issue: ₹1000 crores (with a ₹650 crores green shoe option)
- Coupon Rate: 8.64%
- Re-issue Yield: 7.98%
- Tenure: 2 years, 10 months, 11 days (1046 days)
Terms and Conditions
- Type of Security: Secured Non-Convertible Securities
- Type of Issuance: Private Placement – NSE EBP (Electronic Book Providing platform)
- Listing: Securities are listed in the Wholesale Debt Market (WDM) Segment of the National Stock Exchange (NSE)
- Security Cover: Secured at 1x (implying asset cover of at least one time the debt obligation)
- Coupon Frequency: Annual
- Coupon Payment Dates: 2nd July 2027, and annually thereafter, with a final payment on the maturity date (2nd July 2029)
- Maturity Date: 2nd July 2029
Compliance Status
- Delay in Payment/Default: Not Applicable (NA) — confirms no delays in interest/principal payment beyond three months from due date and no defaults.
- Special Rights/Privileges: Not Applicable (NA)
- Redemption Details: Not Applicable (NA) for this debt issuance.
- Letters/Comments: Not Applicable (NA) regarding payment/non-payment or other security matters.
Parties Involved
- Issuing Company: Cholamandalam Investment and Finance Company Limited
- Recipient of Letter: Bombay Stock Exchange of India Limited Listing Department
- Authorized Signatory: Hardik D. Pandya, Authorised Signatory
Financial & Capital Structure Impact
The allotment represents a ₹350 crore inflow of debt capital. The disclosure confirms the company has utilized its approved debt issuance program of ₹1000 crore.