Piramal Capital & Housing Finance Limited Secured NCD Public Tranche I - Issue Opens on July 12, Coupon Rate Upto 9.00% p.a.#

 

Piramal Capital & Housing Finance Limited Secured NCD Public Tranche I - Issue Opens on July 12, Coupon Rate Upto 9.00% p.a.^#

·         Secured NCDs of a face value of Rs. 1,000 each. Minimum Application Size: Rs 10,000 (10 NCDs) across all series collectively and in multiples of ₹1,000 (1NCD) thereafter;

·         The Tranche I Issue includes a Base Issue Size for an amount of Rs. 200 crores (“Base Issue Size”) with an option to retain oversubscription up to Rs. 800 crores aggregating up to Rs. 1,000 crores (“Tranche I Issue”) which is within the Shelf Limit

·         Total Shelf Size/Shelf Limit: Rs 2000 crores

·         Rated as CARE AA (CWD) (Under Credit Watch with Developing Implications) by Care Ratings Limited and ICRA AA with outlook (Negative) by ICRA Limited

·         Coupon rate upto 9.00% p.a.^#

·         The Tranche I Issue opens on July 12, 2021 and closes on July 23, 2021^# (with an option of early closure or extension)

·         Allotment would be on first come first serve basis

^#For further details please refer Shelf Prospectus and Tranche I Prospectus each dated June 30, 2021

 

Mumbai, 7 July, 2021: Wholly owned subsidiary of Piramal Enterprises Ltd, Piramal Capital & Housing Finance Limited (PCHFL), a non-deposit taking housing finance company, into wholesale and retail funding, has announced the issue of secured, rated, listed, redeemable, non-convertible debentures of the face value of Rs. 1,000 each (“Secured NCDs”). The Tranche 1 Issue opens on July 12, 2021 and closes on July 23, 2021 (with an option of early closure or extension).

 

The Tranche I Issue has a base issue size of Rs. 200 crores with an option to retain oversubscription up to Rs 800 crores, aggregating up to Rs. 1,000 crores (“Tranche 1 Issue”). The NCDs are proposed to be listed on BSE and NSE (collectively, “Stock Exchanges”) with BSE as the Designated Stock Exchange for the Issue. The NCDs have been rated CARE AA(CWD) (Under Credit Watch with Developing Implications) by CARE Ratings Ltd and ICRA (AA) with outlook (negative) by ICRA Ltd.