Cholamandalam Investment and Finance Company Allots Securities in Private Placement
Cholamandalam Investment and Finance Company Limited has completed a private placement of secured non-convertible securities on the NSE Electronic Book Platform (NSE EBP). The company allotted 200,000 securities with an aggregate amount of 2000 crore, including a 1000 crore green shoe option.The securities carry a coupon rate of 7.94% and will be paid annually and on the maturity date of March 20, 2029. The tenure of the securities is 3 years. The securities have been listed in the Wholesale Debt Market Segment of the NSE. They are secured at 1x.
A compliance certificate confirming the details of the securities allotment was submitted to the Bombay Stock Exchange of India Limited. There are no special rights, interests, or privileges attached to the securities. There has been no delay in payment of interest or principal, and no comments have been received regarding payment or default.
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