Muthoot Finance – One of the largest gold loan company in India has come up with an issue of secured / Unsecured NCDs.Details of Muthoot finance NCD issue are as follows:
Imp dates:
1.Issue open date:January 17, 2017.
2.Issue close date:February 17, 2017.
Interest rates for individual and HUFs :
Monthly interest option:
8.75% p.a. for 24 months.
9.00% p.a. for 36 months.
9.00% p.a. for 60 months.
Annual Interest option:
9.00% p.a. for 24 months.
9.25% p.a. for 36 months.
9.25% for 60 months.
Cumulative interest option:
8.25% p.a. for 400 days.
8.50% p.a. for 18 months.
8.75% p.a.for 24 months.
9.00% p.a. for 36 months.
Unsecured NCD option :9.06% p.a. for 96 months which is only unsecured option.For unsecured option,no security cover will be offered.
Rating : CRISIL AA / ICRA: AA which indicates higher safety of the issue.
NCDs are proposed to be listed on BSE and NSE.
Net profits reported by Muthoot Finance:
1.Financial year ending 2013:1004 Crore.
2.Financial year ending 2014:780 Crore.
3.Financial year ending 2015:671 Crore.
4.Financial year ending 2016:810 crore.
Muthoot Finance will raise Rs.1300 crore from secured & Rs.100 crore from unsecured option,aggregating up to Rs.1400 crore.
