MAS Financial Services Ltd Allots INR 250 Crore Worth of Senior Secured Debentures in Private Placement
MAS Financial Services Limited has successfully allotted 25,000 rated debentures through a private placement. The securities, which are senior and secured, have an aggregate nominal value of INR 250,00,00,000 (Indian Rupees Two Hundred and Fifty Crore).The allotment, finalized by the company's Finance Committee on July 9, 2026, relates to non-convertible debentures denominated in Indian Rupees. These instruments carry a face value of INR 1,00,000 each. The debentures are designated for listing on the Wholesale Debt Market segment of BSE Limited.
The debt instrument received a rating of "CARE AA-/Stable" from CARE Ratings Limited. MAS Financial Services Limited issued the debentures at an issue price of INR 1,00,000 per debenture.
The term structure of the debentures is set for maturity on June 12, 2028, giving them a tenure of 1 year, 11 months, and 3 days from the allotment date. The coupon rate is defined as a floating interest, which combines a benchmark derived from the prevailing 3-month T-bill with a fixed spread of 374 basis points (bps). Coupon payments are scheduled to be made annually, while the principal repayment is due on the Final Redemption Date.
Security for the debentures has been established through a first ranking exclusive and continuing charge over identified receivables of the company, referred to as Hypothecated Assets. The collateral requirement mandates that the value of these assets must always be at least 1.10 times the outstanding amount of the debentures until they are fully redeemed.
Key details regarding the issuance of the debentures include:
| Particulars | Details |
|---|---|
| Type of Securities | Rated, listed, senior, secured, redeemable, transferable, taxable, non-convertible debentures |
| Issuance Method | Private Placement |
| Total Issue Size | 25,000 debentures (Aggregate Nominal Value: INR 250,00,00,000) |
| Issue Price | INR 1,00,000 per Debenture |
| Date of Allotment | July 9, 2026 |
| Final Redemption Date | June 12, 2028 |
| Coupon Rate | Floating (Based on 3-month T-bill benchmark + 374 bps spread) |
MASFIN Stock Price Movement
Shares of MAS Financial Services Limited are edging higher to ₹316.3 as of 11:39 AM today, gaining 0.80%. Trading remains active in the live market, with 35,534 shares having been transacted so far.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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