Paisalo Digital Ltd., a thriving listed non-deposit taking NBFC registered with the Reserve Bank of India, has announced that it has successfully raised the first tranche of USD$ 50 Million of issuance of Secured Foreign Currency Convertible Bonds as per applicable ECB guidelines set forth by the Reserve Bank of India.
Mr Santanu Agarwal, Deputy Managing Director of Paisalo Digital Limited, stated, “The issuance of our first FCCB marks a pivotal step in bolstering our borrowing profile and accelerating growth. We are committed to driving innovation and transforming the financial services landscape, strongly focusing on empowering under-banked India and fostering inclusive growth.”
Paisalo Digital Limited (PDL) has successfully issued its first Foreign Currency Convertible Bonds (FCCB), marking a significant milestone for the company. The issuance witnessed strong participation from global fixed-income funds and prominent international credit funds, reflecting confidence in the company’s growth trajectory. The FCCB is a 7.5% secured instrument with a maturity of five years, due in 2029, offering investors the flexibility to convert their holdings into fully paid-up equity shares or retain them until maturity. This strategic initiative underscores Paisalo’s commitment to fostering growth and
maintaining financial resilience amidst a dynamic market environment. The funds raised through this issuance will be instrumental in advancing Paisalo’s vision of empowering India’s vast under-banked population by providing accessible and inclusive financial solutions.