Muthoot Finance Limited NCD

Non convertible debentures (NCD) are fixed-income instruments, usually issued by high-rated companies. They offer higher interest rate than convertible debentures.

Muthoot Finance Limited NCD scheduling its Secured, Rated, Listed Redeemable Non convertible debentures from February 14, 2019 – March 14, 2019 is having Base Issue size of Rs.100 Crore with an option to retain oversubscription up to Rs.650 Crore aggregating up to Rs.750 crore being the Tranche I Issue sizeInvestors can get all important information as Price, Date, Prospectus, Credit Rating, Listing, Maturity, allocation ratio, allotment status, subscription details, application form, Lead Managers and Registrar of the Issue.

About Muthoot Finance:

Muthoot Finance Ltd has come up with the 1st tranche of public issue of secured, redeemable non-convertible debentures of face value of Rs 1,000 each for an amount of Rs 100 Crore (“Base Issue Size”) with an option to retain oversubscription up to Rs 650 Crore (totaling Rs. 750 Crore) within the Shelf limit of Rs. 4,000 Crore. The issue is open for subscription from February 14, 2019 to March 14, 2019. The Issue shall remain open for subscription during the period indicated above except that the Issue may close on such earlier date or extended date as may be decided by Board of Directors of the Company (“Board”) or the NCD Committee. The company will be paying an interest ranging between 9.25% and 10.00 % p.a. on these bonds.

Muthoot Finance Limited NCD Issue Details :

  • NCD Issue opening Date : 14th February, 2019
  • Issue Closes on  : 14th Mar, 2019
  • Issue Type  : Fixed Price Issue NCD
  • Issue Size : Rs.75,00.00 Crore
  • Issue Price : Rs 1,000 per NCD
  • Minimum Order Quantity :10 NCD
  • Market Lot :1 NCD
  • Lisiting at: BSE
  • Mode of Issue : Demat only
  • Allotment  : “first come, first serve”


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