Muthoot Capital allots up to ₹200 crore of secured NCDs at 9.25% coupon
As filed · Muthoot Capital Services Limited has informed the Exchange regarding allotment of 200000 Non-Convertible Debentures
CapitalMixedNotablemateriality 66 out of 100
What happened
FactMuthoot Capital Services’ Debenture Issue and Allotment Committee approved the allotment of 2,00,000 senior, secured, rated, listed, redeemable, taxable and non-convertible debentures through private placement. The NCDs have a 36-month tenure, a 9.25% annual coupon payable monthly, and bullet principal repayment on October 14, 2029.
Why it matters
CapitSignal interpretationRaising capital changes the share count or the debt load, and the stated use of proceeds is a commitment that can later be checked.
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Fact- Instrument and amount finally raised
- Stated use of proceeds
- Whether the enabling resolution is actually used
Evidence
How CapitSignal classified this
- Reasoning:
- The allotment provides up to ₹200 Crores of secured debt funding, carrying a 9.25% monthly-pay coupon and bullet repayment obligation. The coupon can step up by up to 25 basis points for each rating notch downgrade from ‘AA-’, while the debentures are secured pari passu against specified receivables and current assets.
- Matched on:
- the filing's own subject line
- Confidence in the event type:
- 75%