Announced Tue, 30 Jun · 11:24 IST
Muthoot Capital raises Rs 150 Cr via NCD private placement at 9.25 percent
Fund Raising View source PDF
MUTHOOTCAP · price
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Price reaction · full curve 14 horizons · vs prior close
+2.2%1-day move
₹198.60
prior close
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base price
In-mkt
timing
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————+2.2+7.6+9.4+8.8+10.4+9.5+7.2———
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AI summary
Muthoot Capital Services has allotted 15,000 Senior Secured NCDs of Rs 1 lakh each, raising Rs 150 Crores via private placement. The NCDs carry a 9.25 percent annual coupon paid quarterly, with bullet principal repayment at maturity in 24 months (June 2028). Funds will be used within board-approved limits. Secured by pari passu charge on standard loan receivables and current assets with 1.1 times asset coverage. NCDs are proposed to be listed on BSE.
Likely market impact
Rs 150 Cr debt raise at 9.25 percent coupon over 24 months. No equity dilution. Adds to borrowing mix at reasonable cost for an NBFC.