Paisalo Digital taps debt markets again with US$40.7M NCD tranche
What's the deal? Paisalo DigitalDealroom has a profile for this one. Try Dealroom → has launched Tranche I of a public issue of secured, rated, listed, redeemable non-convertible debentures (NCDs), with an issue size of up to US$40.7M (roughly $31.4 million). The debentures carry a face value of US$13.6 each and will list on BSEDealroom has a profile for this one. Try Dealroom → Limited.
The mechanics: Tranche I comprises a base issue of US$20.4M, with an option to retain oversubscription up to another US$20.4M. It sits within a larger shelf limit of up to US$122.2M set by the company.
What are the terms? The NCDs span six series with tenors from 18 to 60 months and coupons ranging from 9.00% to 10.47% per annum. They are secured by an exclusive charge on the company's loan receivables, with a security cover of at least 1.10 times the secured obligations.
Why now? The issue opened on August 7, 2026 and closes on August 20, 2026, backed by a Shelf Prospectus and Tranche I Prospectus dated July 31, 2026. The minimum application amount is US$135.8.
The signal: The quick return to debt markets underscores how non-bank lenders like Paisalo lean on NCDs to fund loan books, offering retail investors fixed returns while diversifying away from bank borrowing. Shares slipped 0.34% to US$0.96 on Friday.
Read more: InvestooMarket
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