Announced Thu, 9 Jul · 11:29 IST
MAS Financial allots INR 250 Crore NCDs via 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
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base price
In-mkt
timing
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————+3.0+6.1+2.0+3.0+0.7+1.9————
Up moveDown movePending
AI summary
MAS Financial Services has allotted 25,000 secured, listed, rated, redeemable NCDs worth INR 250 crore on a private placement basis. Face value is INR 1 lakh each, rated CARE AA- with stable outlook. Tenure is about 1 year 11 months, maturing June 12, 2028. Coupon is floating, pegged to 3-month T-bill plus 374 bps spread, paid annually. Secured by first charge on receivables with 1.10 times asset cover. Will be listed on BSE wholesale debt segment.
Likely market impact
INR 250 crore debt raised at competitive floating rate (T-bill plus 374 bps); CARE AA- rating signals strong credit. No equity dilution.