Mufin Green Finance Approves ₹75 Cr NCD Issuance & $6 Mn Forex Bonds
Mufin Green Finance will issue NCDs up to ₹75 crore, including a ₹25 crore Green Shoe Option. Additionally, the company approved issuing USD 6 million in foreign currency bonds under ECB. The NCDs have a 15-month tenure with a 10% coupon, while bonds have a 36-month tenure with a variable coupon.
The issuance of ₹75 crore in NCDs and USD 6 million in foreign currency bonds represents a substantial capital raise for the company, which is likely to have a significant impact on its financial capacity and growth prospects.
The company's approval of significant debt fundraising through NCDs and foreign currency bonds indicates a positive step towards expanding its financial resources and operations.
Mufin Green Finance Limited announced that its Management Committee, in a meeting held on July 14, 2026, approved the issuance of listed, secured, non-convertible debentures (NCDs) on a private placement basis for an aggregate amount up to ₹75,00,00,000. This includes a Green Shoe Option of ₹25,00,00,000.
The committee also approved the issuance of foreign currency denominated bonds under the External Commercial Borrowings (ECB) framework through private placement, for an amount up to USD 6 million (approximately ₹50 crore). This issuance is subject to the approval of applicable regulatory authorities.
The NCDs will have a tenure of 15 months from the date of allotment, with a coupon rate of 10% payable monthly. They will be secured by a first and exclusive charge on identified receivables. The bonds will have a tenure of 36 months from the date of allotment, with a coupon rate of 6 Months CME SOFR + 450 bps, payable semi-annually. These bonds will also be secured by a first ranking exclusive charge on identified receivables. The NCDs are proposed to be listed on BSE Limited, and the bonds will be listed on India International Exchange (IFSC) Ltd.
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Mufin Green Finance Limited filed this with the NSE as a statutory disclosure, categorised under debt fundraising. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by Mufin Green Finance Limited. Read the original for the full detail.