MAS Financial Services Allots ₹250 Cr Non-Convertible Debentures

MAS Financial Services Limited has announced the allotment of 25,000 rated, listed, senior, secured, redeemable, transferable, taxable, non-convertible debentures (NCDs) with a face value of ₹1,00,000 each, aggregating to ₹250 crore. The allotment was made on a private placement basis following a meeting of the company's Finance Committee. The NCDs have been rated 'CARE AA-/Stable' by CARE Ratings Limited and are proposed to be listed on the Wholesale Debt Market segment of BSE Limited. The maturity date for these debentures is June 12, 2028, with a tenure of approximately 1 year and 11 months from the allotment date of July 9, 2026. The coupon rate is floating, linked to the 3-month T-bill benchmark plus a spread of 374 basis points, payable annually.