Spandana Sphoorty Financial Limited announced that the Management Committee of the Board of Directors of the Company at its meeting held on January 16, 2024, has inter-alia considered and approved the issuance of 10,000 Secured, Senior, Redeemable, Transferable, Listed, Rated Non-Convertible Debentures having face value of INR 100,000 each at premium of INR 986.40 per debenture for an aggregate amount of INR 1,009,864,000.00 on private placement basis. Tenure of the instrument is 22 months and 29 days. Date of allotment is January 19, 2024.

Date of maturity is December 18, 2025. Interest rate payment is 10.11% p.a.