Muthoot Microfin approves private placement of NCDs worth ₹7.5 bn

Muthoot Microfin's Debenture Issue and Allotment Committee, at its meeting on September 17, 2025, approved the issuance of up to 7,500 listed, rated, senior, secured, transferable, redeemable, non-convertible debentures. Each debenture will have a face value of ₹100,000, totaling an aggregate nominal value of ₹7,500,000,000, which includes a green shoe option of ₹4,500,000,000. These debentures will be listed on BSE Limited.

The debentures, issued via private placement, will have a tenure of 36 months, with an allotment date of September 23, 2025, and maturity on September 23, 2028. They will carry a coupon interest rate of 9.80% per annum, payable monthly. The outstanding principal amount will be secured by a first-ranking and exclusive charge of 1.10x over the company’s receivables.

Neethu Ajay, chief compliance officer and company secretary, formally announced the resolution.