InCred issues Rs 300-cr NCDs
image for illustrative purpose
Hyderabad: InCred Financial Services Ltd (formerly known as KKR India Financial Services Ltd), an NBFC, has issued non-convertible debentures (NCDs) of face value of Rs1,000 each. The Issue opens on October 25, 2023, and closes on November 7, 2023.
Bhupinder Singh, whole time director and CEO, InCred Financial Services Ltd, said: “A key component of our growth so far has been the success of our liabilities strategy, and this public issuance of NCDs will play a role in further diversifying and strengthening our borrowing mix.”
The NCD issue is for a base issue size of Rs150 crore with an option to retain oversubscription up to Rs150 crore aggregating up to Rs300 crore. The minimum application size would be Rs10,000 and thereafter in multiples of Rs1,000 thereof. This issue has maturity / tenure options of 18 months, 24 months and 36 months for NCDs.
