Description

BSE lists two series of debt securities issued by Muthoot Microfin Limited on private placement basis, with varying tenures and interest rates.

Summary

BSE has listed two new series of debt securities issued by Muthoot Microfin Limited on a private placement basis, effective December 17, 2025. Both securities are rated CRISIL A+ and will trade in dematerialized form only on the BSE Debt segment. The securities have face values of ₹1,00,000 each with monthly interest payments.

Key Points

  • Two debt securities series listed: MML-9.95%-16-12-28-PVT (3-year tenure) and MML-9.85%-16-12-27-PVT (2-year tenure)
  • Quantity: 7,500 units each series
  • Market lot: 1 unit per series
  • Face value and issue price: ₹1,00,000 per unit for both series
  • Date of allotment: December 16, 2025
  • Credit rating: CRISIL A+ for both series
  • Trading mode: Dematerialized form only
  • Tick size: 1 paise
  • No put/call options available

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
  • Members should refer to the Placement Memorandum available on BSE website for detailed information
  • Contact BSE debt department (22728352/8597/8995/5753/8915) for clarifications

Important Dates

  • Date of Allotment: December 16, 2025
  • Listing Date: December 17, 2025
  • First Interest Payment: January 25, 2026
  • Redemption Date (2-year series): December 16, 2027
  • Redemption Date (3-year series): December 16, 2028
  • Interest Payment Frequency: Monthly from January 25, 2026 until respective redemption dates

Security Details

Series 1: MML-9.95%-16-12-28-PVT

  • Scrip Code: 977379
  • Scrip ID: 995MML28
  • ISIN: INE046W07354
  • Interest Rate: 9.95% per annum
  • Tenure: 3 years (matures December 16, 2028)

Series 2: MML-9.85%-16-12-27-PVT

  • Scrip Code: 977380
  • Scrip ID: 985MML27
  • ISIN: INE046W07347
  • Interest Rate: 9.85% per annum
  • Tenure: 2 years (matures December 16, 2027)

Impact Assessment

Market Impact: Minimal. This is a routine debt security listing on the BSE Debt segment with no impact on equity markets. The securities are privately placed and targeted at institutional investors.

Operational Impact: Trading members dealing in debt securities can now trade these instruments. The high face value (₹1 lakh) indicates these are institutional-grade instruments with limited retail participation expected.

Liquidity Considerations: With 7,500 units issued per series and market lot of 1, the total issuance is ₹75 crore per series. Monthly interest payments may provide some liquidity events for investors.

Impact Justification

Routine debt security listing with no impact on equity markets or trading regulations. Information primarily relevant to debt market participants and institutional investors.