Description

BSE announces listing of five series of secured redeemable non-convertible debentures issued by Muthoot Mercantile Limited with varying coupon rates and maturity periods.

Summary

BSE has listed five series of Secured Redeemable Non-Convertible Debentures (NCDs) issued by Muthoot Mercantile Limited. The debentures have face values of Rs. 1,000-2,000, coupon rates ranging from 9.50% to 10.25% per annum, and maturity periods extending from 2026 to 2031. All debentures were allotted on July 31, 2025, and carry IND BBB/Stable credit rating.

Key Points

  • Five series of NCDs with scrip codes 940543, 940545, 940547, 940549, and 940551
  • Total securities: 885,917 NCDs across all series
  • Coupon rates: 9.50% to 10.25% per annum for interest-paying series
  • Effective yields: 9.72% to 11.73% per annum
  • Face values: Rs. 1,000 for most series, Rs. 2,000 for one series
  • Credit rating: IND BBB/Stable
  • Market lot: One NCD

Regulatory Changes

No regulatory changes announced in this circular.

Compliance Requirements

  • Listed NCDs must comply with standard BSE listing requirements
  • Interest payments scheduled as per respective series terms
  • Redemption obligations as per maturity schedules

Important Dates

  • Allotment Date: July 31, 2025
  • First Interest Payment: August 31, 2025 (for monthly payment series)
  • Maturity Dates:
    • Series I & II: September 4, 2026
    • Series III & IV: July 30, 2028
    • Series V: October 29, 2031

Impact Assessment

This is a routine debt securities listing with minimal market impact. The listing provides additional fixed-income investment options for investors seeking secured debt instruments. The varying maturity periods and coupon structures offer different risk-return profiles for debt market participants.

Impact Justification

Routine listing of debt securities with limited market-wide impact