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Muthoot Fincorp Ltd. Ncd Details

Muthoot Fincorp Ltd. NCD period begins from Jan 9, 2020, to Feb 4, 2020:
Muthoot Fincorp Ltd NCD to begin this Jan 9. The organization was consolidated in 1997. By and large, it includes business in offering individual and gold advances.
Gold loan products offered by the organization, for example,
Muthoot Blue Guide, Bright, Power, Bigg, Smart, and 24×7 Express Gold Loan
Muthoot Fincorp Ltd. NCD Details
Issue Open Jan 9, 2020 – Feb 4, 2020
Security Name
Muthoot Fincorp Limited
Security Type
Made sure about, Redeemable, Non-Convertible Debentures (Secured NCDs)
Issue Size (Base) Rs 250.00 Crores
Issue Size (Shelf) Rs 480.00 Crores
Issue Price Rs 1000 for each NCD
Face Value Rs 1000 each NCD
Least Lot size 10 NCD
Market Lot 1 NCD
Posting At BSE
FICO assessment BWR A+/Stable, CRISIL A/Stable
Tenor 400 days/two years/38 months/60 months
Series Series I to Series XI
Installment Frequency Monthly, Annual and Cumulative
Premise of Allotment First Come First Serve ...
... Basis
The base issue size remained Rs 250 crores. Additionally, the rack issue size remained Rs 480 crores. Be that as it may, the NCD comprise of made sure about, redeemable, non-convertible debentures type. Muthoot company goes about as an advertiser for this NCD.
In addition, the presumptive worth noted as Rs 1000 for every NCD. Be that as it may, the issue cost remained Rs 1000 for each NCD. Likewise, the premise of assignment may follow the primary start things out serve strategy. Regardless of this, it would list at BSE.
Coupon Rates
Series Frequency Tenor Coupon Rate Amount on Maturity
I Monthly 400 days 9.0% Rs 1,000
II Monthly 24 months 9.25% Rs 1,000
III Monthly 38 months 9.40% Rs 1,000
IV Monthly 60 months 9.50% Rs 1,000
V Annually 24 months 9.65% Rs 1,000
VI Annually 38 months 9.90% Rs 1,000
VII Annually 60 months 10.00% Rs 1,000
VIII Cumulative 400 days NA Rs 1,102
IX Cumulative 24 months NA Rs 1,202
X Cumulative 38 months NA Rs 1,348
XI Cumulative 60 months NA Rs 1,611
Objects of the NCD
The organization would use the raised sum as working capital. Likewise, for reimbursement of intrigue and head of existing advances. Other than this, it may utilize this for general corporate purposes also.
Fundamentally, the proposed Muthoot Fincorp Ltd NCD has a rating of BWR A+/Stable, CRISIL A/Stable. Likewise, the units dispensed are in particular, QIBs with 5%, NIIs with 10%, HNIs with 85%, and RIIs with 0%.
Disclaimer: This article gives data about the plan. It doesn't offer any guidance or proposal. If you don't mind counsel your budgetary counselor before contributing.
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