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Personal Finance Blog India –

Muthoot Finance NCD Issue March 2012:


One of the front runner Gold loan company Muthoot Finance Ltd has come up with a issue of secured,non-convertible debentures aggregating upto Rs.2500/- million and option to retain the oversubscription upto Rs 2500 millions for issuance of additional NCDs aggregating upto total of Rs 5000/- millions.

Issue Details:

  • Issue Open Date: March 02, 2012.
  • Issue Close Date: March 17, 2012.

Additional Details:

Options I II III IV
Tenure 24 Months 36 Months 60 Months 66 Months
Frequency of Interest payment Annual Annual Annual Cumulative
Interest rate 13% 13.25% 13.25% 13.43%
Face Value

Rs.1000/-

  • ¬†Credit Rating: Both ICRA and CRISIL have assigned AA- rating which indicates Stable and high safety of the issue.
  • Min. Application amount: 5 NCDs or Rs 5000/- and 1 NCD thereafter.
  • Option 4 is of cumulative nature.Investor will get money exactly doubled at the end of tenure of 66 months.
  • NCDs will be alloted in demat mode only so active demat account is¬†necessary.
  • Interest on Refund / application money: 13% p.a. from the date money is debited from investors account till date of allotment.

Category: Fixed Income

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