Muthoot Capital Services Limited has informed the Exchange regarding allotment of 75000 Non Convertible Debentures at the Meeting of Debenture Issue and Allotment Committee held on June 09, 2025
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Muthoot Capital Services has allotted 75,000 rated, listed, senior, secured, redeemable, taxable Non-Convertible Debentures (NCDs) on a private placement basis. The NCDs carry a face value of ₹10,000 each, aggregating to ₹75 crores, with a coupon rate of 10.00% per annum payable monthly and bullet principal repayment at maturity. The tenure is 529 days, maturing on November 20, 2026, and the NCDs are proposed to be listed on BSE Limited. The issue is secured by a first-ranking pari-passu charge over the company's loan receivables, with a minimum security cover of 1.15 times maintained throughout the tenure.
This ₹75 crore NCD raise will help the NBFC expand its lending book. The 10% coupon is competitive and the 1.15x asset cover provides good protection for debenture holders. Equity shareholders are not directly affected as this is debt financing, though higher interest costs may marginally pressure margins.