Muthoot Microfin Raises Rs.250 Crore Through NCD Issue
Information Subscription
Muthoot Microfin Limited has completed the allotment of Rs.250 crore worth of Non-Convertible Debentures (NCDs) through a private placement.
The issue comprises 2,50,000 NCDs with a face value of Rs.10,000 each. The debentures carry a 9.25% coupon rate per annum, payable monthly, and have a tenure of 24 months.
NCD Issue Details
- Fund Raised: Rs.250 crore
- Instrument: Listed, rated, secured and redeemable NCDs
- Number of NCDs: 2,50,000
- Face Value: Rs.10,000 per NCD
- Coupon Rate: 9.25% per annum
- Tenure: 24 months
- Interest Payment: Monthly
What to Watch Next
Investors may track how Muthoot Microfin deploys the funds raised and whether the additional capital helps support loan growth and further optimise its borrowing costs. Changes in the company's cost of funds and liability mix could also remain key factors to watch in the coming quarters.
Disclaimer
Investments in the securities market are subject to market risks. Read all related documents carefully before investing. Registration granted by SEBI, and certification from NISM in no way guarantee the performance of the intermediary or provide any assurance of returns to investors. Choice Equity Broking Private Limited: SEBI Reg No. Broking - INZ000160131 ( BSE - 3299 ) | ( NSE - 13773 ) | ( MSEI - 73200 ) | ( MCX - 40585 ) | ( NCDEX - 01006 ). Depository Participant SEBI Reg. No. - IN - DP - 84 - 2015, DP ID CDSL - 12066900, NSDL ID - IN301895. Research Analyst - INH000000222 (CIN. NO.: U65999MH2010PTC198714)
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