MoneyWorks4Me

Repco Home Finance raises Rs 100 crore on private placement basis

03 Jul 2017 Evaluate

Repco Home Finance has raised Rs 100 crore on private placement basis.  The Securities Allotment Committee of the Board of Directors has approved and allotted 1000 secured, redeemable, non-convertible, Non-Cumulative debentures (NCDs) of face value of Rs 10 lakh each, aggregating to Rs 100 crore. The bonds will offer coupon rate of 8.20% per annum, for a tenure of 35 months.

Repco Home Finance is a professionally managed housing finance company head quartered in Chennai, Tamil Nadu. It is registered as a housing finance company with the National Housing Bank (NHB).

Peers