Muthoot Microfin Limited has informed the Exchange about issue of Securities
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Muthoot Microfin's Debenture Issue and Allotment Committee has approved issuance of up to 7,161 Listed, Rated, Secured, Redeemable Non-Convertible Debentures (NCDs) at ₹1 lakh each, raising an aggregate amount of ₹71.61 crore (USD 7.7 million). The NCDs carry a coupon rate of 8.50% per annum, payable quarterly, with a tenure of 29 months maturing tentatively by September 2028. The securities are secured by a 1.0x exclusive charge over the company's receivables (present and future) and will be listed on BSE. Allotment is tentatively scheduled for April 28, 2026.
The NCD issuance of ₹71.61 crore provides debt funding for the microfinance company. The 8.50% coupon is a standard market rate for a secured, listed NCD of this tenure, and the private placement format allows efficient capital raising without a full public issue.