Announced Tue, 30 Jun · 10:54 IST
MAS Financial allots 150 Crore NCDs at 8.90 percent, rated AA
Fund Raising View source PDF
MASFIN · price
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Price reaction · full curve 14 horizons · vs prior close
-0.7%1-day move
₹312.00
prior close
₹309.75
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.0+1.4+1.3+1.6-0.7+2.2+3.0+3.1+3.2+1.9+2.9———
Up moveDown movePending
AI summary
MAS Financial Services has allotted 15,000 secured non-convertible debentures worth INR 150 Crore on private placement. Face value INR 1 lakh each, rated AA (Stable) by Acuité. Tenure 48 months, maturing June 30, 2030. Coupon 8.90 percent per annum (IDFC First Bank EBLR plus 115 bps spread), paid monthly. Principal repaid semi-annually. Secured by first charge on book debts with 1.1x cover. Listed on BSE wholesale debt market.
Likely market impact
Raises INR 150 Crore for lending operations at competitive rates. Debt instrument, so no equity dilution for existing shareholders.