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Repco Home Finance plans to raise Rs 100 crore through NCDs

Repco Home Finance (RHF) is planning to raise Rs 100 crore through secured redeemable non-convertible debentures on Private Placement basis. The NCDs will mature on October 4, 2019. The Coupon rate on the bonds is at 8.5 per cent per annum. The Securities Allotment Committee of the Board of Directors will consider the same at a meeting on October 5, 2016.

Repco Home Finance is a professionally managed housing finance company headquartered in Chennai, Tamil Nadu. The company is operating through 80 branches and 13 satellite centres in Tamil Nadu, Andhra Pradesh, Kerala, Karnataka, Maharashtra, Gujarat, Odisha, West Bengal and Puducherry.

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