Mufin Green Finance Approves NCDs and Foreign Currency Bonds
Mufin Green Finance Ltd has announced the approval for the issuance of listed, secured, non-convertible debentures (NCDs) on a private placement basis for an aggregate amount of up to INR 75 crore, including a INR 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, amounting to up to USD 6 million. The NCDs will be listed on BSE Limited with a tenure of 15 months and a coupon rate of 10% payable monthly. The bonds will be listed on India International Exchange (IFSC) Ltd, have a tenure of 36 months, and a coupon rate of 6 Months CME SOFR + 450 bps payable semi-annually. Both instruments will be secured by a charge on identified receivables.
Key Highlights
- Mufin Green Finance to issue NCDs worth up to ₹75 crore.
- Foreign currency bonds of up to USD 6 million to be issued.
- NCDs to be listed on BSE, bonds on India International Exchange.
- NCDs have a 15-month tenure and 10% coupon; bonds have 36-month tenure.
- Both issuances are on a private placement basis.
Price Impact
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