Shriram Finance Limited's Allotment Committee - NCDs approved the allotment of senior, secured, rated, listed, redeemable, taxable Non-Convertible Debentures (NCDs) through private placement on September 09, 2026. This action follows previous communications dated July 24, 2026, regarding the Board's approval for raising funds through debt securities between August 01, 2026, and October 31, 2026.
Key Details of NCD Allotment
- Series Name: Series SFL PPD 2026-27 SEP 2029 Further Issue 1
- Allotment Size: 2,22,000 NCDs
- Face Value: ₹1,00,000 per NCD
- Issue Size (Face Value): ₹2,220 Crores
- Type of Interest: Fixed coupon at 7.80% per annum
- Interest Payment: Annually on September 07, 2027; September 07, 2028; and at maturity on September 07, 2029
- Date of Allotment: September 09, 2026
- Reissue Price: Clean price ₹99,850.23 per Debenture + accrued interest ₹42.74 = Dirty price ₹99,892.97 per Debenture
- Discount: ₹149.77 per Debenture
- Effective Yield: 7.85%
- Tenor: 2 years 11 months 29 days from the Deemed Date of Allotment
- Date of Maturity: September 07, 2029
- Security: Secured debentures
- Listing: Will be listed on the WDM segment of BSE
Historical Context
This is a further issuance under the same ISIN, with previous issuance of ₹1,000 Crores on July 09, 2026.
Utilization of Proceeds
100% of the proceeds will be utilized for refinancing existing rated and listed non-convertible debentures of the Company. These original debentures were used towards creation of loan portfolio and onward lending, including financing/refinancing of electric vehicles in a manner agreed with the Debenture Trustee.
Additional Information
- No special rights/privileges attached to the instrument
- No defaults in payment of interest/principal for more than three months
- No comments regarding payment/non-payment issues
- No redemption of preference shares or debentures involved