Mufin Green Finance Approves ₹75 Cr NCDs and USD 6 Mn Bonds
Mufin Green Finance Ltd announced that its Management Committee has approved the issuance of listed, secured, non-convertible debentures (NCDs) on a private placement basis for an aggregate amount up to ₹75 crore, including a ₹25 crore Green Shoe Option. Additionally, the company approved the issuance of foreign currency denominated bonds under the External Commercial Borrowings (ECB) framework through private placement for an amount up to USD 6 million. The NCDs will have a tenure of 15 months with a 10% coupon rate payable monthly, and will be listed on BSE. The bonds will have a tenure of 36 months with a coupon rate of 6 Months CME SOFR + 450 bps payable semi-annually, and will be listed on India International Exchange (IFSC) Ltd. Both NCDs and bonds will be secured by a first-ranking charge on identified receivables.
Key Highlights
- Mufin Green Finance to raise up to ₹75 Cr via NCDs.
- USD 6 Mn in foreign currency bonds to be issued under ECB.
- NCDs to be listed on BSE with 10% coupon, 15-month tenure.
- Bonds to be listed on India International Exchange (IFSC).
- Both issuances are on a private placement basis.
Price Impact
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