Muthoot Finance Ltd is coming up with a public issue of Unsecured & Secured, Redeemable, Non Convertible Debentures (NCDs) of face value of Rs. 1000 each aggregating to a total of upto Rs. 2000 Cr. The Issue is open for subscription on 11 April 2017 and closes on 10 May 2017 (Early Close 12 April 2017).

Muthoot NCD Issue Highlights

IssuerMuthoot Finance Ltd
Type of InstrumentSecured Redeemable, NCD & Unsecured NCD
Issue Open11 April 2017
Issue Close10 May 2017
Issue Size2000 Cr.
Face ValueRs. 1,000
Min. Application Size10 Bonds (Rs.10000) & multiply of 1 NCD thereafter (across all series NCD)
Interest Monthly, Annually & Cumulative
Mode of AllotmentD'mat
RatingAA/stable BY ICRA / CRISIL
ListingBSE

Specific Term of Issue

OptionsIIIIIIIVVVI
Tenor24 Month38 Month60 Month24 Month38 Month60 Month
Base Coupon -8.25%8.50%8.75%8.50%8.75%9.00%
Face Value100010001000100010001000
Interest PaymentMonthlyMonthlyMonthyAnnual Annual Annual
Effective Yield8.25%8.50%8.75%8.50%8.75%9.00%
SecuredSecuredSecuredSecuredSecuredSecured
Maturity100010001000100010001000
OptionsVIIVIIIIXXXI
Tenor400 Days18 Month24 Month38 Month96 Month
Base Coupon -N.A.N.A.N.A.N.A.N.A.
Face Value10001000100010001000
Interest PaymentCumulativeCumulativeCumulativeCumulativeCumulative
Effective Yield8.00%8.15%8.25%8.50%
SecuredSecuredSecuredSecuredUnSecured
Maturity1088.281125.571171.811295.382000

 

 About Company

Muthoot Finance Ltd, the largest gold loan NBFC in India in terms of loan portfolio.  Muthoot Finance provides personal and business loans secured by gold jewellery, or gold loans, primarily to individuals who possess gold jewellery, but could not access formal credit within a reasonable time, or to whom credit may not be available at all, to meet unanticipated or other short-term liquidity requirements. Their customer are typically small businessmen, vendors, traders, farmers and salaried Individuals, who for reasons of convenience, accessibility or necessity, avail of credit facilities by pledging their gold jewellery.

Who can Apply for this NCD

  • Category I  – Institutional Investor
    • Public financial institution, Commercial/co-op Banks, RRB etc.
    • Provident funds, pension funds, Mutual Fund, Insurance Fund
  • Category II – Non Institutional Investor
    • Companies, body corporate & societies, Public/private charitable trusts , Partnership firms, LLPs
  • Category III – High Net worth Individuals
    • HNIs , HUFs
    • > Rs. 10 Lakhs
  • Category IV – Retail Individual Investor
    • Resident Indian Individual
    • HUF through Karta
    • < Rs. 10 Lakhs

 

Muthoot Finance Ltd  NCD Allotment Link  

Registrar of Issue Link Intime 

Allotment Listing Details – ISIN No, Maturity Date , BSE Script code etc

Basis of Allotment