MAS Financial Services (NSE:MASFIN, BOM:540749) has raised 1 billion Indian rupees through the allotment of non-convertible debentures on a private placement basis, according to a Tuesday filing to the Indian stock exchanges.
The company allotted 10,000 rated, listed, senior, secured, redeemable, transferable, taxable, non-convertible debentures denominated in Indian rupees having a face value of 100,000 rupees each.
The debentures carry a coupon rate of 8.75% per annum payable monthly, and are scheduled to mature on Dec. 30, 2028.
They are proposed to be listed on the "wholesale debt market" segment of the BSE.