Emkay Global raises $5.3M in debt via NCDs at 11.5% coupon
What's the deal? Emkay Global Financial Services has raised US$6.79M through non-convertible debentures (NCDs). It allotted 5,000 rated, listed, senior, unsecured NCDs of US$1.36K each on a private placement basis.
The terms: The debentures carry a fixed coupon of 11.5% per annum, payable half-yearly. The issue combined a base size of US$3.4M with a green shoe option of another US$3.4M.
Why now? The company's management committee approved the allotment at a meeting on September 7, 2026. The NCDs are proposed to be listed on the Wholesale Debt Segment of the BSEDealroom has a profile for this one. Try Dealroom →.
What's the endgame? Emkay Global is an Indian financial services firm offering advisory services across the sector. The debt raise adds funding without diluting equity.
The signal: Listed financial firms are increasingly tapping the private placement debt market, where fixed-coupon NCDs offer investors a steady return and issuers flexible capital.
Read more: citrusinteractive.in
Image credit: Generated with Gemini
