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Friday, September 14, 2012

Muthoot Finance NCD Open- 17 Sep 12


                                                           
Issue Open  :  17 Sep 2012

Issue Close  :  05 Oct 2012 

The Issue is for an amount of Rs. 250 Crores with an option to retain over-subscription upto Rs.250 Crores for issuance of additional NCDs aggregating to a total of upto Rs. 500 Crores

The fund raised to this issue  will be primarily be used for various financing activities including leading & investments. The fund would be also used to repay existing debts other business activities and operation.

Issue Highlight 
  • Mode of Allotment - Physical & Dmat
  • Allotment  in as first come first basic
  • No TDS Deduction in Demat Form, Physical Form interest above 5000 TDS deduct
  • Rating AA- ( Stable ) by CRISIL  & AA- (Stable) by ICRA
Risk 


The company is almost 100% in the gold loan business and all its advances are secured
against it, so Muthoot may get affected by any meaningful decline in gold prices.

Allotment  will happen on first cum and first serve basis Hurry of Firm allotment.


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Muthoot Finance Ltd - NCD - Investment Details
OptionIIIIIIIVV
Tenor
 24 Month
36 Month60 Month60 Month72 Month
Frequency of Interest PaymentAnnualAnnualMonthlyAnnualNA
Face Value/ Issue Price10001000100010001000
Minimum Application10,000 ( 10 NCDs) for all options
In Multiples of1000  (1 NCD)
Coupon Rate11.50%11.75%11.75%12.00%NA
Redemption AmountRepayment of face value plus any interest that may have accrued at the redemption date.2000
Effective Yield11.50%11.75%12.40%12.00%12.25%
Cheque/DD should be drawn in favor of  

    " Escrow Account Muthoot Finance NCD Public Issue"

 Registrar of Issue : Link Intime India Pvt Ltd

For Forms mail - bonanza42a@yahoo.in or call Rajendra 800 775 0904

Find out here about Brokerage Structure


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