Description

BSE lists two new privately placed debt securities (INE046W07313 and INE046W07321) of Muthoot Microfin Limited with face value of Rs. 1,00,000 each, rated CRISIL A+/Positive, offering 9.9% and 10% interest rates respectively.

Summary

BSE has listed two new debt securities issued by Muthoot Microfin Limited on a private placement basis, effective November 12, 2025. The securities will be traded in dematerialized form on the BSE Debt segment with a tick size of 1 paise.

Key Points

  • First Security (Scrip Code: 977288): MML-9.9%-4-11-27-PVT with ISIN INE046W07313, offering 9.9% p.a. interest, maturing on November 4, 2027
  • Second Security (Scrip Code: 977289): MML-10%-11-11-28-PVT with ISIN INE046W07321, offering 10% p.a. interest, maturing on November 11, 2028
  • Both securities have quantity of 7,500 units with market lot of 1
  • Face value, paid-up value, and issue price: Rs. 1,00,000 per unit for both securities
  • Credit rating: CRISIL A+/Positive for both issuances
  • Date of allotment: November 11, 2025
  • Interest payment frequency: Monthly
  • No put/call options available
  • Trading only in dematerialized form
  • Tick size: 1 paise

Regulatory Changes

No regulatory changes introduced. This is a standard listing notification.

Compliance Requirements

  • Trading members must trade these securities only in dematerialized form under the specified ISIN numbers
  • Trading members should refer to the Placement Memorandum available at https://www.bseindia.com/markets/debt/memorandum_data.aspx for detailed information
  • For clarifications, trading members may contact BSE’s debt department at 22728352/8597/8995/5753/8915

Important Dates

  • Allotment Date: November 11, 2025
  • Listing Date: November 12, 2025
  • First Interest Payment (Security 1): December 31, 2025 (monthly thereafter)
  • First Interest Payment (Security 2): December 31, 2025 (monthly thereafter)
  • Redemption Date (Security 1): November 4, 2027
  • Redemption Date (Security 2): November 11, 2028

Impact Assessment

Market Impact: Minimal. This is a routine listing of privately placed debt securities targeting institutional investors. The securities are high-value (Rs. 1 lakh per unit) and designed for wholesale debt markets.

Operational Impact: Trading members gain access to two new debt instruments from Muthoot Microfin Limited with competitive interest rates (9.9% and 10% p.a.) and CRISIL A+/Positive rating. The monthly interest payment structure provides regular income opportunities for institutional investors.

Investor Impact: Limited to institutional and high-net-worth investors due to high face value. The securities offer relatively attractive yields compared to government securities, commensurate with the credit rating.

Impact Justification

Routine listing of private placement debt securities for institutional investors. Limited impact on retail markets and general trading activity.