Regency Fincorp Ltd has successfully allotted 60,000 listed, secured, rated, redeemable non-convertible debentures carrying a coupon rate of 13% on a private placement basis, aggregating to 60 Cr.

These instruments have a face value of 10,000 each and a tenor of 30 months, with a scheduled maturity.

The issue is backed by a security cover ratio of 1.35x comprising loan receivables.

This fundraising exercise alters the company's debt profile and expands its capital structure through institutional participation, impacting overall liquidity and liability management for shareholders.