Muthoot Finance Secured Redeemable NCD Issue 2021

Economics 15 May 2021 1:40:PM

NCD-issue-of_-Muthoot-finance_(1) NCD-issue-of_-Muthoot-finance_(1)

Muthoot Finance is coming up with Secured Redeemable Non-Convertible Debentures (NCDs). The issue will open on 8th April 2021 and will continue till 29th April 2021 (depending on the subscription of the issue may close early/extend).  read further for more details about this NCD issue of Muthoot finance. 

Earn Interest up to 8.25% * by Investing in the Secured Redeemable Non-Convertible Debentures of Muthoot Finance Ltd

Details of Muthoot Finance NCD Issue:-

Issue Opens on 8th April 2021
Issue Closes on: 29th April 2021 (depending on the subscription of the issue may close early/extend)

Issue Size: Base Issue Rs.100 crores with an Option to retain Oversubscription of Rs. 1,600 crores are aggregating to Rs. 1700 crores, Shelf Limit 4,000 crores
Rating: AA+/STABLE by CRISIL & ICRA

Face Value: Rs. 1000
Minimum Application: Rs. 10,000/- &  In Multiples of Rs.1000 thereafter

Tenure: 26 Months, 38 Months, 60 Months & 120 Months
Interest payment Frequencies: Monthly, Annual & Cumulative
Listing: Proposed to be listed on BSE

Find more details in the term sheet.

company details:-

Muthoot Finance Ltd. is an Indian financial corporation and the largest gold loan NBFC in the country. In addition to financing gold transactions, the company offers foreign exchange services, money transfers, wealth management services, travel, and tourism services, and sells gold coins. 


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