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.
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very good fixed income scheme, hence let me know time to time about your fixed income schemes.
The rate offered by Muthoot Finance NCD is attractive considering the rising interest rate regime and the increasing uncertainty in the equity markets. With a A rating by Crisil, the NCD reflects reflects the MFL-MCSL combine’s rich experience in financing against gold, strong asset quality, and good earnings profile. Out of the three investment options available, the two year investment option is the most attractive and we advise investors with a medium risk appetite to invest in Muthoot Finance NCD with a 2 year option.
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