In its regulatory filing, the company highlighted that the allotment of 10,000 Market-linked NCDs, was inclusive of a greenshoe option comprising 5000 Market-linked NCDs which was activated to retain over-subscription.
The structuring of these market-linked NCDs will offer a coupon rate of:
- 8.50% if the Reference Index Performance is greater than 75%, and/or
- 8.45% if the Reference Index Performance is equal to or less than 75% but greater than 25%, and/or
- 0% if the Reference Index Performance is lesser than or equal to 25%.
The Debentures shall be fully redeemed on a pari passu basis on the redemption date i.e., December 23, 2023, by making the redemption payment.
At around 1.58 pm, MAS Financial was trading at Rs873 per piece up by 0.7% on Sensex.