Muthoot Finance Ltd is coming out with a public issue of Unsecured & Secured, Redeemable, Non Convertible Debentures (NCDs) of face value of Rs. 1000 each aggregating to a total of upto Rs. 500 Cr. The Issue is open for subscription on 11 11 11 11 Dec 2015 and closes on 11 Jan 2016.
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[wptabtitle] Product Note[/wptabtitle] [wptabcontent]
Muthoot NCD Issue Highlights
| Issuer | Muthoot Finance Ltd |
|---|---|
| Type of Instrument | Secured & Unsecured Redeemable, NCD |
| Issue Open | 11 Dec 2015 |
| Issue Close | 11 Jan 2016 (with option of early closure or extension) |
| Issue Size | 250 Cr. with an option to retain oversubscription of 500 Cr. |
| Face Value | Rs. 1,000 |
| Min. Application Size | 10 Bonds (Rs.10000) & multiply of 1 NCD thereafter (across all series NCD) |
| Interest | Monthly, Annually & Cumulative |
| Mode of Allotment | D'mat as well as Physical Form |
| Rating | ICRA AA- (Double AA Minus) |
| Listing | BSE |
| Application Money Interest (refunded) | 5% |
| Allotment Money Interest | 5% |
Specific Term of Issue
| Options | I | II | III | IV | V | VI |
|---|---|---|---|---|---|---|
| Tenor | 24 month (2 yrs) | 36 month (3 yrs) | 60 month (5 yrs) | 24 month (2 yrs) | 36 month (3 yrs) | 60 month (5 yrs) |
| Coupon - Retail | 8.75% | 9.00% | 8.50% | 9.00% | 9.25% | 8.75% |
| Face Value | 1000 | 1000 | 1000 | 1000 | 1000 | 1000 |
| Maturity | 1000 | 1000 | 1000 | 1000 | 1000 | 1000 |
| Interest Payment | Monthly | Monthy | Monthy | Annual | Annual | Annual |
| Additional Interest Rate -Cat II & III | 0.75% | 0.75% | 0.75% | 0.75% | 0.75% | 0.75% |
| Effective Yield | 9.50% | 9.75% | 9.25% | 9.75% | 10.00% | 9.50% |
| Options | VII | VIII | IX | X | |
|---|---|---|---|---|---|
| Tenor | 400 days | 2 yrs | 3 yrs | 5 yrs | |
| Base Coupon | NA | NA | NA | NA | |
| Yield - | 9.00 % | 9.50 % | 9.75% | 9.25 % | |
| Face Value | 1000 | 1000 | 1000 | 1000 | |
| Maturity | 1099.41 | 1199.03 | 1321.95 | 1556.35 | |
| Interest Payment | n.a. | n.a. | n.a. | n.a. |
Note :
Subject to Applicable Tax deducted at source (TDS)
Cheque Details :
Cheque / DD should be drawn in favour of
” Escrow Account Muthoot Finance NCD Public Issue “ by all applicant
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[wptabtitle] About Issue[/wptabtitle] [wptabcontent]
About Company
The funds raised through this issue will be utilised by the Muthoot Financefor various financing activities including lending and investments, to repay existing liabilities or loans and towards business operations including for capital expenditure, working capital requirement and other general corporate purposes.
Muthoot Finance provides personal and business loans secured by gold jewellery, or gold loans, primarily to individuals who possess gold jewellery, but could not access formal credit within a reasonable time, or to whom credit may not be available at all, to meet unanticipated or other short-term liquidity requirements.
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[wptabtitle] Subscription[/wptabtitle] [wptabcontent]
| Cat I | Cat II | Cat III | Total | ||
|---|---|---|---|---|---|
| Issue Size | 50 | 50 | 400 | 500 | |
| 30 Dec | Subscribe | - | 1.07 | 279.78 | 280.85 |
| No of times | - | 0.02 | 0.70 | 0.56 | |
| Unsubscribe | 50 | 48.93 | 120.22 | 219.15 | |
| 24 Dec | Subscribe | 0.57 | 228.23 | 228.81 | |
| No of times | - | .01 | 0.57 | 0.46 | |
| Unsubscribe | 50 | 49.43 | 171.77 | 271.19 | |
| 17 Dec | Subscribe | - | 0.50 | 135.04 | 135.05 |
| No of times | nil | 0.01 | 0.34 | 0.26 | |
| Unsubscribe | 50 | 49.5 | 264.96 | 364.95 | |
| 14 Dec 15 | Subscribe | - | 0.40 | 74.26 | 74.66 |
| No of times | nil | 0.01 | 0.18 | 0.15 | |
| Unsubscribe | 50 | 49.60 | 325.74 | 425.34 | |
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[wptabtitle] Listing[/wptabtitle]
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[/wptabs] Contact Us – 77 1991 7444
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