RCF Allots ₹300 Crore Non-Convertible Debentures at 7.49% via Private Placement, Maturing in 2028
By Ankur Chandra | Updated at: Jan 13, 2026 02:54 PM IST
Mumbai, June 30, 2025: Rashtriya Chemicals and Fertilizers Ltd (RCF: BSE 524230, NSE: RCF EQ), a public sector undertaking, has successfully completed the allotment of Non-Convertible Debentures (NCDs) worth ₹300 crore. These debentures, offering an annual coupon rate of 7.49%, were issued on a private placement basis. The allotment received approval during the company’s Debenture Allotment Committee meeting held earlier today.
The NCDs, part of the “RCF Series I – 2025” issue, are listed, unsecured, and redeemable. Each debenture has a face value of ₹1,00,000, with a total of 30,000 NCDs allotted, summing up to an aggregate issue size of ₹300 crore. The instruments have a three-year tenure, with interest payable annually, and are set to mature on June 30, 2028. The debentures will be listed on the Wholesale Debt Market (WDM) segment of both BSE and NSE.
Key Allotment Details
| Particulars | Details |
|---|---|
| Issue Series | RCF Series I – 2025 |
| Instrument Type | Listed, Unsecured, Rated NCDs |
| Face Value per NCD | ₹1,00,000 |
| Total NCDs Allotted | 30,000 |
| Aggregate Issue Size | ₹300 crore |
| Coupon Rate | 7.49% p.a. |
| Tenure | 3 years |
| Interest Payment Frequency | Annual |
| Maturity Date | June 30, 2028 |
| ISIN | INE027A08036 |
| Listing Venue | WDM segment of BSE and NSE |
| Allotment Date | June 30, 2025 |
Major Investors
The debentures were subscribed by prominent financial institutions, including:
- ICICI Bank Limited
- Canara Bank
- PNB Gilts Limited
- Reliance General Insurance Company Limited
- The Catholic Syrian Bank Limited
Regulatory and Fundraising Context
This issuance adheres to SEBI regulations governing private placements of debt securities. The company had previously received board approval to raise up to ₹200 crore, with an option to retain oversubscription of ₹100 crore, bringing the total under this tranche to ₹300 crore. Issuing NCDs via private placement allows companies to raise capital directly from a select group of institutional investors, often proving to be a more efficient and cost-effective method compared to a public issue, especially for specific funding needs like capital expenditure or refinancing existing debt.
Share Price Effect
As of 12:50 p.m. on June 30th, the shares of Rashtriya Chemicals and Fertilizers were up 0.69% or ₹1.09 and were trading at ₹159.00. It remains to be seen at what price the shares close at the end of today’s market session.
What’s Ahead for RCF?
RCF’s successful ₹300 crore NCD issuance at 7.49% signals strong institutional interest and supports its funding needs for capex or debt refinancing. Listing on WDM ensures liquidity and transparency for bondholders. This move also enhances the company’s financial flexibility ahead of potential future expansions or sectoral shifts. Investors will watch for utilisation updates and their impact on debt metrics.
About the Company
Rashtriya Chemicals and Fertilizers Limited is a Government of India undertaking engaged in the manufacturing and marketing of fertilizers and industrial chemicals. The company is listed on BSE and NSE and plays a key role in India’s agricultural and industrial sectors.
The meeting for approval of the allotment commenced at 10:30 a.m. and concluded at 11:05 a.m. today.
REF: https://nsearchives.nseindia.com/corporate/RCF_30062025111728_Outcome.pdf
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