Regency Fincorp Board Approves Rs 75 Crore Secured NCD Issue

Board approved Rs75Cr secured rated listed NCD issue (75,000 units of Rs10,000) via private placement, 15-month, 12% monthly, quarterly principal, 1.25x cover; Catalyst trustee, Credora banker. Continuation of debt-funded growth sprint; same trustee-merchant pair and cover as recent tranches, coupon holds recent floor with quarterly principal supporting onward lending. Subscribers, EBP allotment timetable, use of proceeds and listing timeline not disclosed; adds leverage with cover to be tested on allotment.