Paisalo Digital Raises $15M Via ECB Deal; NBFC Stock In Focus

Leading non-banking finance company (NBFC) Paisalo Digital Limited has declared that its initial External Commercial Borrowing (ECB) transaction has been completed successfully. The USD 15 million deal represents a major step forward in the company's efforts to diversify its financial obligations.

"This maiden ECB issuance represents a strategic step aimed at broadening the Company's funding mix and accessing cost-effective, long-tenor capital from international markets. The proceeds will be utilized to support the Company's continued expanding lending portfolio, with a continued focus on MSMEs, income-generation segments, and other priority sectors," said Paisalo Digital in a stock exchange statement.

Santanu Agarwal, Deputy Managing Director, Paisalo Digital Limited, said: "The successful closure of our maiden ECB issuance marks a pivotal step in strengthening our liability franchise. By accessing diversified and long-tenor funding, we are enhancing our ability to sustainably scale the business while maintaining prudent risk management. This transaction also reflects the confidence of lenders in our operating model and growth strategy. The additional capital will enable us to deepen credit penetration across underserved segments and drive inclusive economic development."

By adding a trustworthy and varied source of funding and maximizing the aggregate cost of capital, the deal fortifies Paisalo's broader liability profile.

According to Paisalo Digital, the deal underscores strong lender confidence in its disciplined underwriting practices, resilient asset quality, and scalable, technology-enabled distribution model.

As of 11:58 AM IST on March 18, 2026, the share price of Paisalo Digital Ltd (PAISALO) was trading at Rs 34.51 on the NSE following the aforementioned news. The stock price has moved within a narrow range during the morning session, peaking at Rs 35.01 and falling to Rs 34.29. As investors respond to the company's board meeting about the allocation of Non-Convertible Debentures (NCDs), trading activity is still consistent, with almost 1.1 million shares traded so far today.

Today, March 18, 2026, the company's board will convene to discuss the allotment of Non-Convertible Debentures (NCDs). The proposed Rs 1,500 crore NCD issue recently received a "BWR AA / Stable" rating from Brickwork Ratings, which improved market optimism in recent sessions as the stock price has gone up by almost 7% over the previous five days.

The Operations and Finance Committee will meet today, March 18, 2026, to approve the allotment of Rs 100 crore of secured Non-Convertible Debentures (NCDs) with a 9.25% coupon rate in order to further diversify its debt. The company's operational reach climbed to 4,872 touchpoints across 22 states during the quarter that ended December 31, 2025 (Q3 FY26), adding 492 additional touchpoints to service a customer franchise of about 14 million.

With a high collection efficiency of 98.8% and a gross non-performing asset (NPA) of 0.83%, and a net non-performing asset (NPA) of 0.66%, asset quality remained strong during the quarter.