Muthoot Microfin Limited has announced plans to issue Non-Convertible Debentures (NCDs) on a private placement basis, with the Debenture Issue and Allotment Committee approving the issuance on September 3, 2025. This issuance falls within the limits approved by the Board of Directors and Shareholders of the Company.
The company intends to issue securities across different categories:
Details of the issuance, as per SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, are provided below.
| Particulars | Details |
|---|---|
| Type of Securities | Secured, Rated, Listed, Redeemable, US Dollar Denominated Bonds |
| Type of Issuance | Private Placement |
| Total Amount | Up to USD 15,000,000 |
| Tenure | 36 Months |
| Allotment Date | September 15, 2025 (Deemed) |
| Maturity Date | September 15, 2028 |
| Coupon/Interest | 6 Month CME Term SOFR + 275 bps |
| Payment Schedule | Semi-Annual |
| Charge/Security | First ranking exclusive and continuing charge by way of hypothecation in favor of the Trustee over certain identified receivables/ book debts and eligible portfolio loans of the Company, with a cover of 1.05x. |
| Particulars | Details |
|---|---|
| Type of Securities | Rated Unsubordinated Secured Listed Taxable Transferable Redeemable Non-convertible Debentures |
| Type of Issuance | Private Placement |
| Total Amount | Up to ₹50,00,00,000 |
| Tenure | 24 Months |
| Allotment Date | September 18, 2025 (Deemed) |
| Maturity Date | September 18, 2027 |
| Coupon/Interest | 9.80% per annum |
| Payment Schedule | Monthly |
| Charge/Security | First ranking, exclusive and continuing charge on identified receivables. |
| Particulars | Details |
|---|---|
| Type of Securities | Listed, Rated, Senior, Secured, Transferable, Redeemable, Non-Convertible Debentures |
| Type of Issuance | Private Placement |
| Total Amount | Up to ₹100,00,00,000 |
| Tenure | 24 Months |
| Allotment Date | September 12, 2025 (Deemed) |
| Maturity Date | September 12, 2027 |
| Coupon/Interest | 9.80% per annum |
| Payment Schedule | Monthly |
| Charge/Security | The outstanding principal amount, together with accrued interest, if any shall be secured by a first ranking and exclusive charge of 1.1x over receivables, including present and future receivables which are free from any encumbrances/charge/lien. |
The meeting to approve the NCD issuance commenced at 3:00 PM and concluded at 3:45 PM on September 3, 2025.
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