Muthoot Microfin to issue Non-Convertible Debentures
Muthoot Microfin will issue NCDs on private placement basis, approved on October 29, 2025. The first series matures on Nov 04, 2027 and the second series matures on Nov 11, 2027 and Nov 11, 2028.
The issuance of debentures will likely have a moderate impact on the company's financials and expansion plans.
The announcement details the issuance of debentures, which is a positive step for the company's fundraising activities.
* Muthoot Microfin Limited announced the issuance of Non-Convertible Debentures (NCDs) on a private placement basis, approved by the Debenture Issue and Allotment Committee on October 29, 2025. * Up to 12,500 Rated Unsubordinated Secured Listed Taxable Transferable Redeemable NCDs with a face value of ₹ 1,00,000 each, aggregating to ₹ 125 Crore, including a green shoe option of ₹ 50 Crore. * Up to 25,000 Secured, Rated, Listed, Redeemable, Taxable NCDs with a face value of ₹ 1,00,000 each, aggregating to ₹ 250 Crore, including a green shoe option of ₹ 100 Crore. * The first series offers 9.80% interest per annum, payable monthly, with a tenure of 24 months, maturing on November 04, 2027, and the deemed date of allotment is November 04, 2025. * The second series has two options: one with 9.90% interest and another with 10% interest, both payable monthly. The deemed date of allotment is November 11, 2025. The maturity dates are November 11, 2027, and November 11, 2028, respectively. * The debentures are secured by a first-ranking charge on identified receivables, with a security cover of 1.1 times the outstanding amount for the first series and 1.05 times for the second series.
What to do with a filing like this
Muthoot Microfin 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 medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Muthoot Microfin Limited. Read the original for the full detail.