The company will issue up to 1,500 secured, rated, listed, redeemable, US dollar-denominated bonds of $10,000 each, aggregating $15 million. These bonds will be listed on NSE IFSC Limited, have a tenure of 36 months from the deemed allotment date of September 15, 2025, and mature on September 15, 2028.
The bonds will carry a coupon of six-month CME Term SOFR plus 275 basis points, payable semi-annually. Security will be created by way of a first-ranking exclusive hypothecation over identified receivables and eligible portfolio loans with a cover of 1.05x.Also Read: Muthoot Microfin cuts lending rates for third time this year
NCDs in 2 tranches
Additionally, the company will issue up to 5,000 rated, unsubordinated, secured, listed, taxable, transferable, redeemable NCDs of ₹1 lakh each, aggregating ₹50 crore.
These NCDs, to be listed on BSE, will carry a coupon of 9.80% per annum payable monthly, with a tenure of 24 months from September 18, 2025, maturing on September 18, 2027. The issue will be secured by a first-ranking exclusive charge on identified receivables, with cover of 1.1x the outstanding debentures.
In another tranche, Muthoot Microfin will issue up to 1,00,000 listed, rated, senior, secured, transferable, redeemable NCDs of ₹10,000 each, aggregating ₹100 crore. These will also be listed on BSE, with a tenure of 24 months from September 12, 2025, maturing on September 12, 2027.
Also Read: Tamil Nadu’s new money lending bill unlikely to impact regulated MFIs: Muthoot Microfin CEO
The NCDs will offer a coupon of 9.80% per annum, payable monthly, and will be backed by a first-ranking exclusive charge of 1.1x over present and future receivables. The company confirmed there are no delays or defaults in servicing debt obligations, and no special rights or privileges are attached to the instruments.
Shares of Muthoot Microfin Ltd ended at ₹168.35, up by ₹8.03, or 5.01%, on the BSE.
