InCred Financial Services to raise up to Rs 300 cr via public issue of NCDs
Fri, Oct 13, 2023 4:17 PM

InCred Financial Services to raise up to Rs 300 cr via public issue of NCDs

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InCred Financial Services is raising up to Rs 300crore through a public issue of non-convertible debentures (NCDs). Offering coupon rates as high as 10.30%, minimum application size of Rs10,000, with tenure options of 18-36 months and Annual interest payment frequency, 25% of the net proceeds will be used for general corporate purposes. The NCDs are rated A+ with stable outlook by CRISIL.

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