Muthoot Microfin Approves ₹250 Cr NCD Issue

Muthoot Microfin Ltd announced the approval for the issuance of Non-Convertible Debentures (NCDs) on a private placement basis. The Debenture Issue and Allotment Committee sanctioned the issuance of 2,50,000 Secured, Rated, Listed, Redeemable NCDs, each with a face value of ₹10,000, aggregating to ₹250 Crores. These NCDs will have a tenure of 24 months, with a deemed date of allotment on September 8, 2026, and maturity on September 8, 2028. The coupon rate offered is 9.25% per annum, payable monthly. The issuance is secured by a first-ranking charge over the company's receivables. The NCDs are proposed to be listed on BSE Limited.