-- Muthoot Microfin (NSE:MUTHOOTMF, BOM:544055) raised 702.8 million Indian rupees through the allotment of non-convertible debentures on a private placement basis, according to a Wednesday filing to the Indian stock exchanges.
The company allotted 7,028 listed, rated, secured, redeemable non-convertible debentures having face value of 100,000 rupees each.
The debentures carry a coupon rate of 8.50% per annum and are scheduled to mature on Sept. 29, 2028. They are proposed to be listed on the BSE.
The company's shares were up nearly 1% in recent trade.