MAS Financial Services raises $18M in debentures via private placement
What's the deal? MAS Financial ServicesDealroom has a profile for this one. Try Dealroom → has allotted 175,000 non-convertible debentures worth US$23.8M through a private placement. Each debenture carries a face value of US$135.8 and pays 8.55% interest quarterly.
The details: The debentures are rated, listed, senior, secured, redeemable, transferable, and taxable. CARE RatingsDealroom has a profile for this one. Try Dealroom → assigned them a "CARE AA-/Stable" grade, and they mature on September 24, 2028.
Why now? The company's finance committee approved the allotment, giving MAS a fixed three-year funding channel outside public equity markets.
The signal: Non-banking lenders in India increasingly tap debt markets to fund their loan books, and a AA- rating signals investor confidence in MAS's credit standing.
Read more: balajiequities.com
Image credit: tim.klapdor
