MAS Financial Services Limited — QIP/Rights/Pref., 23-12-2024: Allotment of Securities

MAS Financial Services Limited has allotted 35,000 Series I rated, listed, senior, secured, redeemable, non-convertible debentures, each with a face value of INR 10,000, aggregating to INR 35 Crore. Additionally, 65,000 Series II debentures were allotted under similar terms, with a total nominal value of INR 65 Crore. The Series I debentures carry a coupon rate of 9.40%, maturing in 18 months, while Series II offers an interest rate of 9.60%, with a 24-month maturity. Both series will be secured by a first-ranking charge over certain identified assets.