Muthoot Capital Services Limited has informed the Exchange about Issue of Securities
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Muthoot Capital Services Limited has informed the stock exchanges about its plan to issue Rated, Listed, Senior, Secured, Redeemable, Taxable Non-Convertible Debentures (NCDs) aggregating up to ₹50 crores through private placement. The issue will consist of 5,000 NCDs with a face value of ₹1,00,000 each, to be listed on BSE. The NCDs carry a coupon rate of 10% per annum, paid monthly, with principal repayment at maturity. The tenure is 24 months, with allotment on June 17, 2025 and maturity on June 17, 2027. The NCDs are secured by a first pari-passu charge on the company's loan receivables with a minimum security cover of 1.15 times the outstanding amount.
This is a modest debt raise of ₹50 crores to support the company's lending operations, and is not dilutive for existing equity shareholders. The 10% coupon is in line with current market rates for secured NBFC NCDs, reflecting routine business financing rather than any distress or major capital event.