Mufin Green Finance allots 7500 NCDs worth Rs 75 Cr at 10.85%
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On the reaction day the stock moved 0.5 pts more than Nifty Microcap 250 and 0.4 pts more than its Non Banking Financial Company (NBFC) peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Mufin Green Finance allotted 7,500 secured, rated, listed, redeemable Non-Convertible Debentures via private placement at face value of Rs 1 lakh each, totaling Rs 75 crore. Coupon rate is 10.85% per annum, with 15-month tenure maturing November 12, 2027. Principal and interest payments start from 12th month. Listed on BSE, secured by hypothecation of receivables and book debts.
Company raises Rs 75 crore debt at 10.85% cost; short 15-month tenure with quarterly repayment, backed by receivables. No equity dilution.