Muthoot Microfin Ltd

💰 Muthoot Microfin Issues ₹450 Crore NCDs – Key Details Inside!

- Muthoot Microfin issues ₹150 crore in NCDs (Series A & B, ₹75 crore each) with ₹10,000 face value.

- Series A: 24-month tenure, 9.70% annual coupon (monthly payout).

- Series B: 23-month tenure, 9.70% annual coupon (monthly payout).

- Additional ₹300 crore in NCDs (Tranche I & II, ₹150 crore each) with ₹1,00,000 face value.

- Tranche I: Series I (24 months, 9.85%) & Series II (36 months, 9.95%).

- Tranche II: Series I (23 months, 9.85%) & Series II (35 months, 9.95%).

- All NCDs secured by first-ranking charge over receivables (1.05x cover).

- NCDs to be listed on BSE Limited.

- No special rights, privileges, or defaults reported.