Announced Mon, 22 Jun · 18:58 IST
Muthoot Capital Services approves Rs 150 Cr NCD issue at 9.25 percent
Fund Raising View source PDF
MUTHOOTCAP · price
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Price reaction · full curve 14 horizons · vs prior close
-3.9%1-day move
₹215.43
prior close
₹209.00
base price
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AI summary
Muthoot Capital Services committee approved issuing up to Rs 150 Crores of Senior Secured Rated Listed Redeemable Non-Convertible Debentures via private placement. 15,000 NCDs of Rs 1 lakh face value each. Coupon 9.25 percent annually, paid quarterly, bullet principal at maturity. Tenure 24 months with allotment June 29, 2026 and maturity June 29, 2028. Listed on BSE. Secured pari passu with existing creditors on loan receivables, 1.1x asset coverage ratio.
Likely market impact
Debt raise expands funding without equity dilution. 9.25 percent coupon is competitive. Mildly positive for business growth.