LIC-owned NBFC Paisalo Digital lists $48 million foreign currency bonds on Mauritius Exchange

Paisalo Digital, a small-cap Non-Banking Financial Company (NBFC) backed by Life Insurance Corporation (LIC), has announced that its $48 million Foreign Currency Convertible Bonds (FCCBs) have been successfully listed on the AFRINEX Securities List (ASL) of AFRINEX Limited. The listing took effect on March 24, 2025.

These bonds, bearing a 7.5% interest rate and maturing in 2029 (ISIN: XS2952463086), are part of the company's strategy to raise capital for its ongoing financial services operations. Paisalo Digital provides business loans, income loans, and mobility loans, and has established strategic partnerships with major financial institutions, including Union Bank of India, to cater to priority sectors.

The company has attracted substantial international investors, including the State Bank of India (SBI), SBI Life Insurance, and LIC, reinforcing its credibility in the financial markets.

This move further enhances Paisalo Digital’s position in the global financial landscape, providing additional avenues for growth and expansion. Investors and industry experts are keenly watching how the listing will influence the company’s market performance, especially as its stock price remains under ₹100, making it an attractive option for small-cap investors.

More details to follow