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.
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.
