Spandana Sphoorty to issue ₹1.5 bn in non-convertible debentures

Spandana Sphoorty Financial Limited's Management Committee, in a meeting on December 11, 2025, approved the issuance of up to 15,000 listed, rated, senior, secured, redeemable, taxable, non-convertible debentures (NCDs) on a private placement basis. Each debenture will have a face value of ₹1,00,000, totaling a maximum issue size of ₹150,00,00,000. This includes a green shoe option for 7,500 NCDs, amounting to ₹75,00,00,000.

These NCDs will have a tenure of 24 months, with the allotment date set for December 17, 2025, and maturity on December 17, 2027. They will offer an interest rate of 11.25% per annum, payable monthly on the 17th of each month, with the first payment due on January 17, 2026. The principal will be repaid quarterly on the 17th of respective months, commencing March 17, 2026. The NCDs are redeemable at par and will be listed on BSE Limited.