Aug 16, 2011
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.
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 is payable annually.
CRISIL AA-: Stable.
ICRA AA-: Stable.
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.