Muthoottu Mini Financiers Ltd is coming out  with a public issue of Secured, Redeemable, Non Convertible Debentures (NCDs) of face value of Rs. 1000 each for an amount of Rs. 100 Cr. The Issue is open for subscription on 4 Nov 2020 and closes on 18 Nov 2020.

 Product Note

Muthoottu Financiers Ltd NCD Issue Highlights

IssuerMuthoottu Mini Financiers Ltd
Nature of InstrumentSecured Redeemable NCD
Mode of IssuePublic Issue
Issue Open04 Nov 2020
Issue Close18 Oct 2020
DepositoriesCDSL / NSDL
RegistrarLink Intime India Pvt Ltd
Issue Size100 Cr
Issue Price1,000
Face Value1,000
Min Application Size10,000
Credit RatingIND BBB
ListingBSE
Trading ModeD'mat form only

Specific Term of Issue

 IIIIIIIVVVIVII
Interest FrequencyMonthlyMonthlyCumulativeMonthlyCumulativeMonthlyCumulative
Period480 Days24 Month24 Month36 Month50 Month60 Month85 Month
Base Coupon9.50%9.75%NA10.00%NA10.50%NA
Effective Yield9.92%10.20%9.77%10.47%10.22%11.02%10.28%
Face Value1,0001,0001,0001,0001,0001,0001,000
Maturity Amt1,0001,0001,2051,0001,5001,0002,000

 

 

The funds raised through this issue will be utilised by the Muthoottu Mini Financiers for various financing activities including lending , financing  and for repay payment / prepayment of principal and interest on borrowing of the company and other general corporate purposes.

Muthoottu Mini Financiers Ltd is a non deposit taking NBFC in the gold loan sector lending money against pledge of household gold jewelley. Also have micro finance loan segment wherein provide unsecure loans to joint liability group of women customer.

 

Muthoottu Mini Financiers Ltd NCD – Registrar & Allotment Link 

Registrar – Link Intime India Pvt Ltd – allotment link

 

 

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