Fedbank Financial Services Ltd. Allots Debentures Worth ₹450 Crores
Fedbank Financial Services Ltd. announced the allotment of unsecured, rated, subordinated, listed, redeemable, non-convertible debentures for an aggregate sum of ₹450 crores on a private placement basis.The company had previously received shareholder approval for the issuance of debentures on a private placement basis not exceeding ₹2,500 crores. The Board of Directors finalized the terms for the issuance of up to 50,000 debentures with a face value of ₹1,00,000 each, aggregating up to ₹500,00,00,000. The allotment was approved through a circular resolution dated March 24, 2026.
The allotment includes:
- 25,000 debentures with a face value of ₹1,00,000 each, aggregating to ₹250,00,00,000, with a tenor of 7 years and 7 months and a fixed coupon of 8.85% per annum payable annually ('Series I Debentures').
- 20,000 debentures with a face value of ₹1,00,000 each, aggregating to ₹200,00,00,000, with a tenor of 7 years and 8 months and a fixed coupon of 8.90% per annum payable annually ('Series II Debentures').
Details of the Issuance:
| Detail | Description |
|---|---|
| Type of Securities | Unsecured, Rated, Subordinated, Listed, Redeemable, Non-Convertible Debentures |
| Type of Issuance | Fresh Issuance on Private Placement basis |
| Total Number of Securities/Total Amount | 25,000 Series I Debentures (₹250,00,00,000) and 20,000 Series II Debentures (₹200,00,00,000) |
| Proposed Listing | Yes, BSE Limited |
| Tenure | Series I: 7 years and 7 months. Series II: 7 years and 8 months. |
| Coupon/Interest | Series I: 8.85% per annum payable annually. Series II: 8.90% per annum payable annually. |
| Security | None |
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