Announced Thu, 9 Jul · 11:25 IST
Allotment of 250 Crore Non-Convertible Debentures on Private Placement
Fund Raising View source PDF
MASFIN · price
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Price reaction · full curve 14 horizons · vs prior close
+3.0%1-day move
₹313.95
prior close
₹315.70
base price
In-mkt
timing
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AI summary
MAS Financial Services has allotted 25,000 rated, listed, senior, secured, redeemable NCDs of face value INR 1 lakh each, aggregating to INR 250 crore on private placement basis. Rated CARE AA-/Stable by CARE Ratings. Tenure of about 1 year 11 months, maturing June 12, 2028. Coupon is floating at 3-month T-bill plus 374 bps spread, paid annually. Secured by first charge on receivables at 1.10x cover. To be listed on BSE Wholesale Debt Market segment.
Likely market impact
Raises 250 crore via secured NCD private placement. CARE AA-/Stable rating reflects good credit quality. No equity dilution as these are debt instruments.