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Muthoot finance NCD Issue:


About Muthoot Finance:

Muthoot Finance is a “Non-deposit taning NBFC” headquartered in Kerala.It is one of the largest gold loan financing company and provide personal and business loans secured by gold jewelery.It has more than 2600 branches across all over India.

NCD Issue:

It is a public issue of NCDs aggregating upto Rs. 5000 million with an option to retain over-subscription upto Rs. 5000 millions, total aggregating upto Rs. 10,000 millions

Period of subscription:

Subscription will be open from 23rd August 2011 to 5th Sept. 2011.

Face value is Rs.1000 and minimum application size is 5 NCds or Rs. 5000/-.

NCDs will be listed at NSE and BSE.

Interest Rates: For retail investors

Period 24 Months 36 Months 60 Months
Interest rate 12% 12.20% 12.20%

Interest is payable annually.

Credit Ratings:

CRISIL AA-: Stable.

ICRA AA-: Stable.

Security:

NCds are secured and company will maintain security with debenture trustees for the NCD holders on the assets to ensure 100% security cover of the amount outstandings in the respect of NCDs at any time.

 

 


Category: Fixed Income

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