Description

BSE announces listing of five series of secured, redeemable NCDs by Muthoot Mercantile Limited with varying coupon rates and maturity periods.

Summary

BSE has announced the listing of five series of Secured, Redeemable, Non-Convertible Debentures (NCDs) issued by Muthoot Mercantile Limited. The debentures were allotted on July 31, 2025, with face values of Rs. 1,000-2,000 per NCD and varying coupon rates from 9.50% to 11.73% per annum.

Key Points

  • Five series of NCDs with different coupon rates and maturity periods
  • Total securities: 885,917 NCDs across all series
  • Face values: Rs. 1,000 (Series I-IV) and Rs. 2,000 (Series V)
  • Interest payment options: Monthly (Series I, III) and Cumulative (Series II, IV, V)
  • Credit rating: IND BBB/Stable
  • Market lot: One NCD

Security Details

Series I (Monthly Interest):

  • Scrip Code: 940543, ISIN: INE05F407DK3
  • Coupon: 9.50% p.a., Effective Yield: 9.92%
  • Securities: 147,645 NCDs
  • Maturity: September 4, 2026

Series II (Cumulative):

  • Scrip Code: 940545, ISIN: INE05F407DH9
  • Effective Yield: 9.72%
  • Securities: 150,022 NCDs
  • Maturity: September 4, 2026

Series III (Monthly Interest):

  • Scrip Code: 940547, ISIN: INE05F407DJ5
  • Coupon: 10.25% p.a., Effective Yield: 10.75%
  • Securities: 327,308 NCDs
  • Maturity: July 30, 2028

Series IV (Cumulative):

  • Scrip Code: 940549, ISIN: INE05F407DI7
  • Effective Yield: 10.90%
  • Securities: 128,663 NCDs
  • Maturity: July 30, 2028

Series V (Cumulative):

  • Scrip Code: 940551, ISIN: INE05F407DL1
  • Face Value: Rs. 2,000
  • Issue Price: Rs. 1,364
  • Effective Yield: 11.73%
  • Securities: 132,279 NCDs
  • Maturity: October 29, 2031

Important Dates

  • Allotment Date: July 31, 2025
  • First Interest Payment: August 31, 2025 (applicable 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 NCDs provide investors with fixed-income investment options at competitive yields ranging from 9.72% to 11.73%. The staggered maturity dates offer flexibility for different investment horizons.

Impact Justification

Routine listing announcement for debt securities with limited market impact