Muthoot Capital Services Approves ₹150 Cr NCD Issue

Muthoot Capital Services Limited's Debenture Issue and Allotment Committee approved the issuance and allotment 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 base issue size is ₹75 Crores with a green shoe option of ₹75 Crores. The NCDs will be listed on BSE Limited and secured by a pari passu charge on standard loan receivables and current assets. A step-up in coupon is applicable for rating downgrades.