Description
BSE announces listing of five series of secured, rated, redeemable non-convertible debentures by Muthoottu Mini Financiers Limited with varying coupon rates and maturity periods.
Summary
BSE has announced the listing of five series of secured, rated, redeemable non-convertible debentures (NCDs) issued by Muthoottu Mini Financiers Limited. The debentures have face values of ₹1,000 each and offer coupon rates ranging from 9.00% to 10.50% per annum with varying maturity periods from 2027 to 2030.
Key Points
- Five series of NCDs with different coupon rates: 9.00%, 9.25%, 9.75%, 10.25%, and 10.50%
- All debentures have face value and issue price of ₹1,000 each
- Total securities listed: 2,999,000 NCDs across all series
- Credit rating: [ICRA] A (Stable)
- Market lot: One NCD
- Allotment date: August 29, 2025
- Interest payment frequencies vary: Monthly and Annually
Regulatory Changes
No regulatory changes introduced. This is a standard listing announcement for debt securities.
Compliance Requirements
- Muthoottu Mini Financiers Limited must comply with ongoing listing requirements for debt securities
- Regular interest payments as per specified frequencies
- Adherence to redemption schedules for each series
Important Dates
- Allotment Date: August 29, 2025
- First Interest Payment: October 1, 2025 (for most series), August 29, 2026 (for Series V)
- Maturity Dates:
- Series I: February 28, 2027
- Series II: August 29, 2027
- Series III: August 29, 2028
- Series IV & V: August 29, 2030
Impact Assessment
Minimal market impact as this is a routine debt security listing. The NCDs provide additional fixed-income investment options for investors seeking secured debt instruments with competitive yields ranging from 9.38% to 10.74% effective yield. The ICRA A (Stable) rating indicates good credit quality, making these suitable for conservative debt investors.
Impact Justification
Standard debt security listing with no immediate market impact beyond providing additional investment options