9.25% Muthoot Finance NCD Issue January 2017:

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.