Muthoot Microfin to raise Rs 250 cr via NCDs at 9.25 percent
MUTHOOTMF · price
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Muthoot Microfin's Debenture Committee approved issuance of 2.5 lakh secured, listed, redeemable NCDs via private placement, totaling Rs 250 crores. Face value Rs 10,000 each, 24-month tenure maturing September 8, 2028, with 9.25 percent annual coupon paid monthly. Secured by 1.0 times first ranking charge on receivables. To be listed on BSE.
Company raises Rs 250 cr via debt at 9.25 percent cost. NCD holders receive monthly interest until September 2028 maturity.