This was 17% lower than the bottom difficulty dimension of Rs 300 crore.
The lender had on October 13 stated its board had given an approval to boost as much as Rs 400 crore, together with Rs 100 crore of greenshoe choice.
The coupon was fastened at 11%, payable month-to-month. The non-convertible debentures carry a maturity of 30 months and 6 days.
The corporate is dealing with continued stress on its asset high quality and the resultant stress on its consolidated profitability, largely on account of elevated credit score prices and working bills, India Rankings stated on October 14, after score its bonds BBB+ with unfavourable outlook.
The score signifies that Spandana has the capability to fulfill its monetary commitments however is extra prone to opposed conditions.
