Allcargo Logistics Limited announced that reference to the letter dated December 05, 2019 and in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company hereby informed that the Debentures Issue and Allotment Committee of the Board of Directors of the Company at its meeting held on January 10, 2020, has allotted 1,600 Senior, Rated, Secured, Listed, Redeemable, Non-Convertible Debentures of face value INR 1,000,000 per debenture aggregating to INR 1,600 million on private placement basis to The Hongkong and Shanghai Banking Corporation Limited. Tenure of the instrument - date of allotment and date of maturity is three years. Date of allotment is January 10, 2020 and the Date of maturity is January 10, 2023. Coupon/interest offered is 11.25% per annum. Schedule of payment of coupon/interest and principal is Coupon/interest is Payable on the last working day of each annual coupon payment period. Coupon/interest frequency is Annual. Debentures are secured under the Debentures Trust Deed in favour of Debenture Trustee, Vistra ITCL (India) Limited. Redemption at the end of three years from the date of Allotment that is January 10, 2023.