Now Reading: Paisalo Digital debentures listed on BSE
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Paisalo Digital debentures listed on BSE
Paisalo Digital Limited has listed its secured redeemable non-convertible debentures (NCDs) on the Bombay Stock Exchange (BSE). The listing follows the company's issuance of NCDs to raise funds.
The debentures are secured and non-convertible, meaning they carry a fixed return and are backed by company assets. This listing allows investors to trade these instruments on the exchange.
The BSE announcement confirms the completion of the listing process for these NCDs, providing liquidity and market access for the instrument.
Indian Opinion Analysis
Paisalo Digital, a non-banking financial company focused on small-ticket lending, has used NCDs to diversify its funding base beyond bank loans. Listed NCDs offer retail investors a fixed-income option with exchange-traded liquidity, but their security depends on the issuer's asset cover and credit rating. Investors should compare the coupon rate with prevailing yields on similar-rated instruments. The next cue is the first interest payment date and trading volume on BSE.
Source: bseindia.com
This story was synthesised by AI from the source linked above. Methodology and corrections.
