Earn 13% Interest on Muthoot Fincorp Ltd - NCD

Earn 13% Interest on Muthoot Fincorp Ltd - NCD - Dec 2011

Muthoot Fincorp Limited – NCD Issue : Secured, Redeemable, Non Convertible Debentures in private placement basis closing on 31st December 2011.

About the Company
Muthoot's operating history has evolved over a period of 72 years since M George Muthoot (the father of the Promoters) founded a gold loan business in 1939. Presently, it is the largest gold financing company in India in terms of loan portfolio.
It is registered with the Reserve Bank of India as a systemically important non-deposit taking non-banking finance company (NBFC) with a paid up capital of Rs 181.25 crores and a Net Owned Fund of Rs 766.50 cr as on 30.09.2011.
Muthoot Fincorp Limited focuses on providing a host of financial services through a wide network of over 1560 branches pan India. It has a diverse mix of retail offerings in the areas of Consumer loan products and investment advisory services. These include Gold loans, Home loans, Auto loans, Loans against Property, Investment products and Advisory Services.

Product Details

Issue size	Rs. 50 crores with green shoe option
Instrument	Secured, Redeemable, Non-convertible Debentures
Instrument Form	Only In Dematerialized Form
Credit Rating	‘A+’ by CRISIL Ltd ( means Adequate Safety)
Face Value	Rs. 1,00,000 per Bond
Issue Price	At Par (ie. Rs. 10,000 per Bond)
Min Application	1 Bond and in multiples of 1 Bond thereafter
Interest Rate	12.75% for 18 month
	13 % for 36 month
Interest Payment	Annually

Issue Highlight

Compulsorily in Demat Form
Allotment in as first come first basic
NRI can not apply for this NCD

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.

For Forms mail @ bonanza42a@yahoo.in or call Rajendra - 8007750904

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