Spandana Sphoorty to issue ₹400 crore in debentures

Spandana Sphoorty Financial Limited's management committee approved the issuance of up to 40,000 Secured, Senior, Redeemable, Transferable, Listed, Rated Non-Convertible Debentures (NCDs) on October 13, 2025. Each NCD has a face value of ₹1,00,000, amounting to a total issue size of ₹400 crore. This includes a green shoe option of 10,000 NCDs, or ₹100 crore, and the NCDs will be listed on BSE.

The NCDs will carry an annual interest rate of 11.00%, payable monthly, and have a tenure of 30 months and 6 days, maturing on April 30, 2028. Redemption will be at a premium of 1.25% per annum, accrued monthly and payable on maturity, provided the put option is not exercised. The issuance will proceed via a private placement basis.