Mufin Green Finance Approves NCD Issuance Up to ₹125 Cr

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. The company plans to issue NCDs aggregating up to ₹50 crore and another series up to ₹75 crore. Both issuances include a Green Shoe Option of ₹25 crore each. The NCDs will be listed on BSE Limited and will have a tenure of 15 months from the date of allotment. The coupon rates are 11% for the first series and 10.85% for the second series, with monthly interest payments for the first and from the 12th month for the second. The debentures will be secured by a first and exclusive charge on identified receivables.