Announced Mon, 24 Aug · 10:51 IST
Muthoot Capital raises Rs 100 Cr via NCD allotment at 9.25 percent
MUTHOOTCAP · price
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Price reaction · full curve 14 horizons · vs prior close
-3.2%1-day move
₹253.00
prior close
₹254.28
base price
In-mkt
timing
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AI summary
Muthoot Capital Services has allotted 1 lakh senior secured NCDs of Rs 10,000 each on private placement basis, aggregating Rs 100 crore. Coupon rate is 9.25 percent per annum, payable monthly, with bullet principal repayment at maturity in August 2029. NCDs will be listed on BSE and are rated AA-. Backed by pari passu charge on loan receivables and current assets with 1.1x asset coverage ratio maintained till redemption.
Likely market impact
Adds Rs 100 Cr debt at 9.25% over 36 months. Increases interest obligations but supports lending growth. AA- rated, secured borrowing.