Mufin Green Finance Allots ₹19 Cr Non-Convertible Debentures

Mufin Green Finance Ltd has successfully issued and allotted 1,900 Secured, Rated, Listed, Redeemable, Non-Convertible Debentures (NCDs) with a face value of INR 1,00,000 each, through a private placement. The total issue size amounts to INR 19 Crore. These NCDs carry a coupon rate of 11.70% per annum, payable quarterly, and have a tenure of 3 years, maturing on June 15, 2029. The principal repayment is structured with 50% due on December 15, 2027, and the remaining 50% on maturity. The NCDs are secured by a hypothecation of receivables/book debts and will be listed on BSE Limited.