Muthoot Finance NCD Issue April 2017:

Muthoot Finance of the largest Gold loan company has come up with an issue of Secured and Un-secured NCDs in April 2017.Details of Muthoot Finance April 2017 NCD issue are as follows.

Imp dates:

• Issue open date:April 11, 2017.
• Issue close date:May 10, 2017.

Credit Ratings: CRISIL AA / ICRA AA.Both indicates stable issue.

Coupon Rates:

NCD issue offers coupon rates ranging from 8 t0 9% depending on tenure & interest payment frequency.

Monthly Interest payment:

Interest payable monthly from date of allotment.

 

 

 

 

 

Annual Interest Payment:

Interest payment annually from date of allotment.

Cumulative Option:

Compounded annual Interest and principle will paid at maturity.

Other details:

1. Minimum investment amount Rs.10,000 onwards.
2. NRIs are not eligible to apply.
3. Allotment first cum first served basis, per day basis.
4. Demat mode compulsory:Demat account is compulsory if you wish to invest in this issue.
5. Security: Company will provide 100% security cover for secured NCDs and interest thereon.While unsecured NCDs will be subordinated debt & no security cover will be provided.

Company intends to raise Rs.1950 crore against secured NCDs and Rs.50 Crore against unsecured NCD issue.