Mufin Green Finance raises Rs 50 cr via NCDs

New Delhi: Mufin Green Finance has announced raising of its first-ever listed non-convertible debenture (NCD) on the EBP Platform of BSE for an issue worth Rs 50 crore.

The NCDs carry a coupon rate of 11 per cent with a maturity of 15 months, said the NBFC focused on electric mobility and clean energy financing.

“This helps in broadening access to listed instruments and diversifying funding channels to strengthen its lending capacity,” it said.

Mufin Green Finance said the primary objective of the fundraise is to expand its loan portfolio across both consumer and clean energy segments.