New Delhi, Nov. 6 -- SBI Life-owned non-banking finance company (NBFC), Paisalo Digital, on Thursday announced that the Operations and Finance Committee of the Board of Directors has allotted non-convertible debentures worth Rs.80 crore.

According to a filing shared with the exchanges, Paisalo Digital's board has approved the allotment of two NCDs - one with a coupon rate of 8.45% and another with 8.50%.

For the first NCD issue, worth Rs.55 crore, the company has allotted 5500 debentures with a face value of Rs.1 lakh each. The tenure for the NCD is two years, with the coupon payment made annually. Meanwhile, the principal amount will be paid on maturity on November 6, 2027.

For the second NCD issue, worth Rs.25 crore, the company has ...