Rashtriya Chemicals & Fertilizers allots ₹395 crore in debentures

Rashtriya Chemicals & Fertilizers Limited (RCF) announced the allotment of 39,500 non-convertible debentures (NCDs) totaling ₹395 crore, following a meeting of its Debenture Allotment Committee on September 25, 2025. These Series II-2025 NCDs, each with a face value of ₹1,00,000, are listed, rated, unsecured, redeemable, non-cumulative, and taxable. The allotment was executed on a private placement basis.

The debentures carry an annual interest rate of 7.60% and have a tenure of 3 years and 10 months, maturing on Wednesday, July 25, 2029. The funds raised will be utilized to augment the company’s long-term working capital and finance capital expenditure, including recoupment of previously incurred capital expenditure. The NCDs are set to be listed on the Wholesale Debt Market (WDM) segment of both BSE and NSE.

Key investors participating in the allotment include The Jammu and Kashmir Bank Limited (10,000 NCDs), UCO bank (7,500 NCDs), A. K. Capital Services Limited (5,000 NCDs), Reliance General Insurance Company Limited (5,000 NCDs), PNB Gilts Limited (4,000 NCDs), Nuvama Wealth Finance Limited (3,000 NCDs), and HDFC Bank Limited (2,500 NCDs).