MAS Financial Services Limited has announced the successful allotment of 25,000 Non-Convertible Debentures (NCDs) with an aggregate nominal value of ₹250 crore on a private placement basis. The Finance Committee of the Board of Directors approved this allotment in a meeting held on July 9, 2026. These debentures are rated, listed, senior, secured, redeemable, transferable, and taxable, with a face value of ₹1,00,000 each. The NCDs have received a rating of "CARE AA -/Stable" from CARE Ratings Limited. The allotment follows a previous intimation on April 29, 2026, regarding the Board of Directors' meeting. The debentures are set to mature on June 12, 2028, with a tenure of approximately 1 year, 11 months, and 3 days from the allotment date. The coupon rate will be a floating rate, determined by the prevailing 3-month T-bill rate plus a spread of 374 basis points, payable annually. The NCDs will be secured by a first-ranking charge on certain identified receivables of the company, including loans and investment proceeds. The value of these hypothecated assets will be maintained at a minimum of 1.10 times the outstanding amount of the debentures. The debentures are proposed to be listed on the Wholesale Debt Market segment of BSE Limited.
