Muthoot Finance Ltd is coming out  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. 500 Cr. The Issue is open for subscription on 11 11 11 11 Dec 2015 and closes on 11 Jan 2016.

 Product Note

Muthoot NCD Issue Highlights

IssuerMuthoot Finance Ltd
Type of InstrumentSecured & Unsecured Redeemable, NCD
Issue Open11 Dec 2015
Issue Close11 Jan 2016 (with option of early closure or extension)
Issue Size250 Cr. with an option to retain oversubscription of 500 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 as well as Physical Form
Rating ICRA AA- (Double AA Minus)
ListingBSE
Application Money Interest (refunded)5%
Allotment Money Interest5%

Specific Term of Issue

OptionsIIIIIIIVVVI
Tenor24 month (2 yrs)36 month (3 yrs)60 month (5 yrs)24 month (2 yrs)36 month (3 yrs)60 month (5 yrs)
Coupon - Retail8.75%9.00%8.50%9.00%9.25%8.75%
Face Value100010001000100010001000
Maturity100010001000100010001000
Interest PaymentMonthlyMonthyMonthyAnnual Annual Annual
Additional Interest Rate -Cat II & III0.75%0.75%0.75%0.75%0.75%0.75%
Effective Yield9.50%9.75%9.25%9.75%10.00%9.50%
OptionsVIIVIIIIXX
Tenor400 days2 yrs3 yrs5 yrs
Base CouponNANANANA
Yield - 9.00 %9.50 %9.75%9.25 %
Face Value1000100010001000
Maturity 1099.411199.031321.951556.35
Interest Paymentn.a.n.a.n.a.n.a.

 Note : 

Subject to Applicable Tax deducted at source (TDS)

 Cheque Details :

Cheque / DD should be drawn in favour of

 ” Escrow Account Muthoot Finance NCD Public Issue  “ by all applicant

About Issue

About Company

The funds raised through this issue will be utilised by the Muthoot Financefor various financing activities including lending and investments, to repay existing liabilities or loans and towards business operations including for capital expenditure, working capital requirement and other general corporate purposes.

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.

Subscription

Cat ICat IICat IIITotal
Issue Size5050400500
30 DecSubscribe-1.07279.78280.85
No of times-0.020.700.56
Unsubscribe5048.93120.22219.15
24 DecSubscribe0.57228.23228.81
No of times-.010.570.46
Unsubscribe5049.43171.77271.19
17 DecSubscribe-0.50135.04135.05
No of timesnil0.010.340.26
Unsubscribe5049.5264.96364.95
14 Dec 15Subscribe-0.4074.2674.66
No of timesnil0.010.180.15
Unsubscribe5049.60325.74425.34

Listing

                                  

Contact Us – 77 1991 7444

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https://i1.wp.com/www.puneinvest.com/wp-content/uploads/2013/12/ncdissue1.jpg?fit=173%2C167https://i1.wp.com/www.puneinvest.com/wp-content/uploads/2013/12/ncdissue1.jpg?resize=150%2C150RajendraNCDMuthoot Finance Ltd is coming out  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. 500 Cr. The Issue is open for subscription on 11 11 11 11 Dec 2015 and closes on...Investment you need