Description

BSE announces the listing of secured, rated, redeemable non-convertible debentures of Muthoottu Mini Financiers Limited across 5 series with varying coupon rates and maturity periods.

Summary

BSE has announced the listing of secured, rated, redeemable non-convertible debentures (NCDs) of Muthoottu Mini Financiers Limited. The listing comprises 5 series of debentures with face value of Rs. 1,000 each, offering coupon rates ranging from 9.00% to 10.50% per annum with varying maturity periods from 2027 to 2030.

Key Points

  • 5 series of NCDs listed with scrip codes 940635, 940637, 940639, 940641, and 940643
  • Face value: Rs. 1,000 per NCD across all series
  • Issue price: Rs. 1,000 per NCD (at par)
  • Coupon rates: 9.00%, 9.25%, 9.75%, 10.25%, and 10.50% per annum
  • Effective yields: 9.38% to 10.74% per annum
  • Credit rating: [ICRA] A (Stable)
  • Market lot: One NCD
  • Date of allotment: August 29, 2025

Series Details

  • Series I: 9.00% coupon, monthly frequency, maturity February 28, 2027
  • Series II: 9.25% coupon, monthly frequency, maturity August 29, 2028
  • Series III: 9.75% coupon, monthly frequency, maturity August 29, 2028
  • Series IV: 10.25% coupon, monthly frequency, maturity August 29, 2030
  • Series V: 10.50% coupon, annual frequency, maturity August 29, 2030

Important Dates

  • Date of allotment: August 29, 2025
  • First interest payment: October 1, 2025 (for monthly series), August 29, 2026 (for annual series)
  • Maturity dates: Range from February 28, 2027 to August 29, 2030
  • Redemption amount: Rs. 1,000 per NCD

Impact Assessment

This is a routine debt securities listing that provides investors with additional fixed-income investment options. The varying coupon rates and maturity periods offer flexibility for different investment preferences. The ICRA A (Stable) rating indicates good credit quality, making these instruments suitable for conservative debt investors.

Impact Justification

Routine debt securities listing with no immediate market impact