Fedbank Financial Services Limited (FEDFINA) announced today, March 03, 2026, that its Board of Directors has approved the issuance of up to 50,000 Rated, Listed, Unsecured, Non-Cumulative, Redeemable, Subordinated, Non-Convertible Debentures (NCDs). Each debenture has a face value of ₹1,00,000, aggregating to a total of ₹500 crore. This issuance will be conducted on a private placement basis to one or more prospective investors. The NCDs are proposed to be listed on the Bombay Stock Exchange (BSE). The deemed date of allotment is on or before March 31, 2026, with a maturity date of 7 years and 7 months (91 months) from the deemed date of allotment. The NCDs will carry a fixed coupon of 9% per annum, payable annually, with principal repayment due on maturity. The Board meeting commenced at 12:00 noon and concluded at 12:22 p.m.
