123ArticleOnline Logo
Welcome to 123ArticleOnline.com!
ALL >> Business >> View Article

Muthoot Fincorp Ltd. Ncd Details

Profile Picture
By Author: dariya
Total Articles: 349
Comment this article
Facebook ShareTwitter ShareGoogle+ ShareTwitter Share

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.

Total Views: 140Word Count: 374See All articles From Author

Add Comment

Business Articles

1. Colors Is Expected To Remain The Largest Segment In The Global Caramel Ingredient Market
Author: Lucintel LLC

2. Why You Need The Right Family Law Solicitor
Author: RA Solicitor

3. How Ecomass Is Transforming Different Industries For Better Performance?
Author: Michael Luis

4. Affordable Courier Service From Chennai To Uk, Cheapest Parcel Service From Chennai To France
Author: uniexcourier

5. Microbials Is Expected To Remain The Largest Segment In The Global Biological Seed Treatment Market
Author: Lucintel LLC

6. Reasons To Choose A Local Solicitor
Author: RA Solicitor

7. Debunking 6 Roofing Myths | Roof Repairs Near Me
Author: Native Roofing

8. Non-destructive Testing Is Expected To Remain The Largest Segment In The Global Asset Integrity Management Market
Author: Lucintel LLC

9. Headwear And Eyewear Is Expected To Remain The Largest Segment In The Global Wearable Technology Market
Author: Lucintel LLC

10. Point Of Care Diagnostics Market Technology, Services, Application And Outlook 2027
Author: mohit

11. Legal Marijuana Market Future Trends, Dynamic Growth & Forecast To 2027
Author: mohit11 bedmuttha

12. Dietary Supplements Market Scope, Summary, Overview And Research Methodology
Author: mohit

13. Health Information Exchange Market Industry Overview, Research, Demand, Trends And Analysis 2027
Author: Mohit

14. Things To Consider Before Choosing A Personal Injury Solicitor
Author: RA Solicitor

15. Eye Tracking Market Industry Overview, Research, Demand, Trends And Analysis 2027
Author: Mohit

Login To Account
Login Email:
Password:
Forgot Password?
New User?
Sign Up Newsletter
Email Address: