Muthoot Capital Services Approves ₹150 Cr NCD Issue

Muthoot Capital Services Limited's Debenture Issue and Allotment Committee has approved the issuance of Senior, Secured, Rated, Listed, Redeemable, Taxable, Transferrable, Non-Convertible Debentures (NCDs) up to ₹150 Crores on a private placement basis. The NCDs will have a tenure of 24 months, with a coupon rate of 9.25% per annum, payable quarterly. The principal will be repaid on a bullet basis at maturity on June 29, 2028. The issuance is secured on standard loan receivables and current assets, maintaining a minimum asset coverage ratio of 1.1 times. The NCDs are proposed to be listed on BSE Limited.