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).