Paisalo Digital Limited (PAISALO), a leading non-banking financial company (NBFC) specializing in empowering micro, small, and medium enterprises (MSMEs) and individuals, has listed its USD 48 million 7.5% Foreign Currency Convertible Bonds (FCCBs) due 2029 on the AFRINEX Securities List (ASL) of AFRINEX Limited. The listing became effective on March 24, 2025, marking a significant step in enhancing the company's global presence and diversifying its funding sources.

Details of the FCCBs

• Bond Size: USD 48 Million

• Coupon Rate: 7.5% per annum

• Tenure: Due in 2029

• ISIN: XS2952463086

• Listing Date: March 24, 2025

• Exchange Platform: AFRINEX Securities List (ASL)

The bonds offer an attractive 7.5% annual interest rate and are expected to provide substantial capital to meet the company’s growth objectives. These FCCBs allow bondholders the option to convert bonds into equity shares of Paisalo Digital Limited, subject to predefined terms and conditions.

Significance of the Listing on AFRINEX

AFRINEX Limited is a recognized international securities exchange that offers companies the opportunity to raise capital through global financial instruments. Listing on the AFRINEX Securities List enhances global investor confidence, broadens capital access, and ensures compliance with international regulatory standards.

Key Benefits for Paisalo Digital

1. Increased Global Visibility: Listing on AFRINEX expands the company's reach to global investors and enhances international brand recognition.

2. Attracting Foreign Investments: The listing is expected to attract investments from foreign institutional investors (FIIs) and global entities looking for stable and high-yielding instruments.

3. Diversification of Funding Sources: The FCCBs provide a diversified funding option that complements existing capital-raising strategies.

Regulatory Compliance and Disclosure

As part of its regulatory obligation, Paisalo Digital Limited has duly informed the Department of Corporate Relationship, BSE Limited, and the Listing Department, National Stock Exchange of India Limited (NSE) about the listing of these FCCBs. The company filed the official disclosure under Scrip Code: 532900 (Equity) and various NCD and CP Scrip Codes, including 975107, 975202, 975251, 975284, 975329, 975437, 975592, 975640, 975865, 727935, 728964, and 729040.

Impact on Paisalo Digital’s Growth Strategy

The listing of these FCCBs is aligned with Paisalo Digital’s vision to scale its operations and expand its lending portfolio to underserved and underbanked sections. The proceeds generated from the FCCBs will be utilized to:

• Strengthen the company’s lending capacity and increase financial inclusion.

• Fund future business expansion and digital transformation initiatives.

• Support operational efficiency and enhance customer service through technology adoption.

FCCB Conversion and Potential Dilution

FCCBs offer bondholders the option to convert bonds into equity shares at a pre-determined price, subject to certain terms and conditions. While this conversion may result in a dilution of equity, it also strengthens the company’s capital base, paving the way for future growth and expansion.

Compliance with Listing Regulations

Paisalo Digital Limited has adhered to all SEBI regulations and listing requirements mandated by the BSE and NSE for this disclosure. The company remains committed to ensuring transparent corporate governance practices and timely disclosures to safeguard investor interests.

Company Overview

Paisalo Digital Limited is a rapidly growing NBFC that focuses on providing microfinance, SME loans, and affordable financial solutions to underserved communities. With a strong emphasis on financial inclusion and digital empowerment, the company has been expanding its presence across rural and urban India.

Conclusion

The listing of USD 48 million 7.5% FCCBs on the AFRINEX Securities List is a strategic move that reinforces Paisalo Digital Limited’s commitment to financial excellence and global investor engagement. By tapping into international markets, the company is well-positioned to unlock new growth opportunities and strengthen its capital structure for long-term sustainability.

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