MAS Financial Services (NSE:MASFIN, BOM:540749) has raised 1.50 billion Indian rupees through the allotment of non-convertible debentures on a private placement basis, according to a filing to the Indian stock exchanges.
The company allotted 150,000 rated, listed, senior, secured, redeemable, transferable, taxable, non-convertible debentures denominated in Indian rupees having a face value of 10,000 rupees each.
The debentures will carry a coupon rate of 8.90% per annum, payable monthly, and are scheduled to mature on Nov. 28, 2027. They are proposed to be listed on the wholesale debt market segment of the BSE.
The debentures have been rated "CARE AA-/Stable" by CARE Ratings.
The company's shares were up nearly 1% in recent trade.
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