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    HomeNewsBusinessMarketsMAS Financial Services Allots ₹200 Crore NCDs on Private Placement Basis

    MAS Financial Services Allots ₹200 Crore NCDs on Private Placement Basis

    MAS Financial Services Allots ₹200 Crore NCDs on Private Placement Basis

    Alpha Desk
    July 30, 2025 / 10:54 IST
    Disclaimer This is an AI-assisted live blog with updates sourced from multiple news outlets and agencies Disclaimer
       
       
      26 Aug, 2025 12:21
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      MAS Financial Services Limited has announced the allotment of 20,000 rated, listed, senior, secured, redeemable, transferable, taxable, non-convertible debentures (NCDs), each with a face value of Rs 1 lakh, aggregating to a total nominal value of Rs 200 crore on a private placement basis. The Finance Committee of the Board of Directors approved the allotment during its meeting on Wednesday, July 30, 2025. These debentures are proposed to be listed on the Wholesale Debt Market segment of BSE Limited.
      NCD Allotment Details
      ParticularsDetails
      Type of SecuritiesRated, listed, senior, secured, redeemable, transferable, taxable, non-convertible debentures
      Type of IssuePrivate Placement
      Size of Issue20,000 NCDs of ₹1,00,000 each (₹200 Crore)
      ListingProposed on BSE Limited
      Issue Price₹1,00,000 per Debenture
      Date of AllotmentJuly 30, 2025
      Date of MaturityJune 15, 2027
      Tenure1 year, 10 months, and 16 days
      Coupon/Interest Rate9.75% per annum
      Interest Payment DatesAnnually on July 30, 2026, and June 15, 2027
      Principal Payment DateJune 15, 2027

      Security and Charge


      The debentures and related outstanding amounts are secured by a first-ranking exclusive and continuing charge on certain identified book debts/loan receivables of the company. The value of these hypothecated assets will be maintained at a minimum of 1.10 times the outstanding debenture amounts.

      Investor Details


      The investors in this private placement include:
        • HDFC Credit Risk Debt Fund
        • HDFC Medium Term Debt Fund
        • HSBC Credit Risk Fund
        • HSBC Low Duration Fund
      • HSBC Medium Duration Fund

      Additional Interest on Default


      In the event of a payment default, an additional interest of 2% per annum over the stated interest rate will be applicable on the defaulted amounts until the default is resolved or the debentures are fully redeemed.

      Redemption Details


      The debentures will be fully redeemed on June 15, 2027, with the payment of outstanding principal amounts.
      Alpha Desk
      first published: Jul 30, 2025 10:54 am

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