MAS Financial Allots ₹360 Crore NCDs to FMO

MAS Financial Services allotted 36,000 senior secured NCDs worth ₹360 crore to FMO via private placement on May 20, 2026.
The debentures carry a coupon of 8.75% p.a., have a 5-year tenure maturing in 2031, and are rated CARE AA-/Stable.
Security includes a first-ranking charge on specified assets and receivables, with coverage maintained at 1.1x outstanding amounts.
The instruments are proposed to be listed on BSE's Wholesale Debt Market segment as per SEBI LODR regulations.