Muthoot Finance Ltd is issuing non-convertible debentures. The Issue will begin on 7 April, and will close on the 28 April with the option of early closure.
Investors will have to option to choose among eight different series of debentures with tenures ranging from 3 to 10 years. The amount of interest offered ranges from 6.50-8.00 percent per year. with monthly annual, cumulative and monthly interest payments.
Issue Highlight
| Issue | Muthoot Finance Ltd |
| Issue Open Date | April 07, 2022 |
| Issue Close Date | April 28, 2022 |
| Face Value | Rs. 1,000 per NCD |
| Issue Price | Rs. 1,000 per NCD |
| Nature of Instrument | Secured Redeemable NCD |
| Min Application | 10 NCDs (Rs. 10,000) |
| Listing | BSE |
| Rating | ICRA AA+/stable |
| Issuance Mode | In dematerialised form only |
| Issue Registrar | Link Intime |
About Company
Muthoot Finance provide business loans secured by gold jewellery or gold loans. Company primarily cater to individuals who possess gold jewellery but cannot access formal credit within a reasonable time, or for whom credit may not be available at all. We help our customers meet unanticipated or other short-term liquidity requirements.
Muthoot NCD- Interest Rate Chart
| Series | Frequency | Tenure | Coupon Cat I-II | Yield | Coupon Cat III-IV | Yield |
| I | Monthly | 36 M | 6.50% | 6.50% | 7.00% | 7.00% |
| II | Monthly | 60 M | 6.75% | 6.75% | 7.25% | 7.25% |
| III | Annual | 36 M | 6.75% | 6.75% | 7.25% | 7.25% |
| IV | Annual | 60 M | 7.00% | 7.00% | 7.50% | 7.50% |
| V | Annual | 84 M | 7.25% | 7.25% | 7.75% | 7.75% |
| VI | Annual | 120 M | 7.50% | 7.50% | 8.00% | 8.00% |
| VII | NA | 36 M | 6.75% | 6.75% | 7.25% | 7.25% |
| VIII | NA | 60 M | 7.00% | 7.00% | 7.50% | 7.50% |
