MAS Financial Services Limited Allots Debentures on Private Placement Basis
MAS Financial Services Limited announced the allotment of 10,000 rated, listed, senior, secured, redeemable, transferable, taxable, non-convertible debentures on a private placement basis. The total nominal value of the debentures is INR 100,00,00,000 (Indian Rupees One Hundred Crore).The debentures, each with a face value of INR 1,00,000 (Indian Rupees One Lakh), have been rated "CARE AA-/Stable" by CARE Ratings Limited. The deemed date of allotment was March 25, 2026, with a final redemption date of March 25, 2029, representing a tenure of 36 months. The interest rate is 8.60% per annum, with monthly interest payments beginning April 25, 2026.
The debentures are secured and will be listed on the “Wholesale Debt Market” segment of BSE Limited. The Debentures are secured by a first ranking exclusive and continuing charge over certain identified receivables of the company. The value of these assets will be at least 1.10 times the outstanding amounts of the debentures.
In the event of a payment default, an additional interest of 2% per annum will be payable on the outstanding principal.
Table: Details of Securities Issued
| Particulars | Details |
|---|---|
| Type of Securities | Rated, listed, senior, secured, redeemable, transferable, taxable, non-convertible debentures |
| Type of Issue | Private Placement |
| Size of Issue | 10,000 debentures of INR 1,00,000 each; Total nominal value of INR 100,00,00,000 |
| Listing | Yes, on BSE Limited’s Wholesale Debt Market segment |
| Issue Price | INR 1,00,000 per debenture |
| Tenure | 36 months (March 25, 2026 – March 25, 2029) |
| Interest Rate | 8.60% per annum, payable monthly |
| Security | First ranking exclusive and continuing charge over certain identified receivables |
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