As per BSE announcement:
Repco Home Finance Limited has informed the Exchange that the Company has raised Rs.100 Crore by mode of private placement of 1000 Zero-Coupon Secured, Redeemable and Non-Convertible Debentures (SRNCD) of face value Rs. 10,00,000 each (at par) and maturing on September 06, 2018. (XIRR 9.21%).
This should further reduce the cost of funds as 9.21 is lesser than its current cost of funds which is about 50 basis points above 9.21, if I remember correctly. Though 100 crore is less compared to its current borrowings, the future seems pretty obvious that the cost of funds for Repco will come down BUT the benefits may not be passed to its non-salariedcustomers at the same rate which is more beneficial to Repco as it has higher proportion of non-salaried borrowers in its fold.
Add to this, any further reduction of interest rates by RBI (as and when) should aid its bottom line.
Disclosure: invested.
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