RCFL issues Non-Convertible Bonds worth Rs 300 crore.

State-owned Rashtriya Chemicals and Fertilizers Limited has issued unsecured debentures bonds in the name of RCF Series 1-2024. The total amount of NCO allotted is Rs.300 Crore.

In furtherance to our letter dated August 1, 2024 regarding intimation of the Debenture Allotment Committee Meeting, we wish to inform you that the Debenture Allotment Committee of the Company in its meeting held today, approved and allotted 30,000, 7.99% Listed, Unsecured, Redeemable, Non-Cumulative, Taxable, NonConvertible Bonds like Debentures (NCDs) of face value of Rs.1,00,000/-(Rupees One Lakh only) each, aggregating to Rs. 300 crore (Rupees 300 Crore) on private placement basis, according to the regulatory filing made.

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The Kind of securities offered are Unsecured, Rated, Redeemable, Taxable, Non-Convertible Bonds like Debentures (NCO) on a Private placement basis for an issue size of RS.200 Crore with an option to retain oversubscription of Rs. 100 Crore.

The objective is to augment the long-term working capital of the company, and capital expenditure including recoupment of capital expenditure already incurred. ICICI Bank Limited is the investing partner.

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