HomeNCD BondsMuthoot Finance (Tranche III) NCD April 2021 Details

Muthoot Finance (Tranche III) NCD April 2021 Details

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Muthoot Finance (Tranche III) NCD April 2021 Details – Issue Date, Review & Interest Rates

Muthoot Finance is the largest gold loan NBFC in India in terms of loan portfolio. According to the ICRA Analytics Limited (Formerly known as ICRA Management Consulting Services Ltd) Industry Report, Gold Loans Market in India, 2020 (“ICRA Analytics Industry Report 2020”), the company ranked the largest gold loan company in India in terms of loan portfolio as of March 31, 2020.

Muthoot Finance is the largest branch network among gold loan NBFCs as of March 31, 2020,. Muthoot Finance branch network has expanded significantly from 373 branches as of March 31, 2005 to 4,632 branches as of December 31, 2020, comprising 792 branches in northern India, 2,777 branches in southern India, 754 branches in western India and 309 branches in eastern India covering 22 states, the national capital territory of Delhi and six union territories in India.

Muthoot Finance Limited issued the Secured Redeemable non-convertible Debentures (NCD) subscription from 8th April, 2021 and ending on 29th April, 2021.

Muthoot Finance NCDs tenure will be for 26 months, 38 months, 60 months and 120 months.

Muthoot Finance NCD April 2021 Details

DescriptionDetails
Security NameMuthoot Finance Limited Tranche III
Security TypeSecured Redeemable non-convertible Debentures
Issue PeriodApr 08, 2021 – Apr 29, 2021
Issue sizeRs.1,000 million
Issue PriceRs.1000 per NCD
Face valueRs.1000 per NCD
Market Lot1 NCD
Minuimum Lot Size 10 NCD  (Rs.10000)
Listing At BSE
Credit Rating‘[ICRA] AA+/ “Stable” by ICRA and “CRISIL AA+/Stable” by CRISIL
AllotmentFirst Come First Serve Basis

Objects of the Issue

  • For the purpose of lending- minimum of 75% of the amount raised and allotted in the Issue
  • For General Corporate Purposes- shall not exceed 25% of the amount raised and allotted in the Issue
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Also Read : Muthoot Fincorp NCD April 2021 Details

Terms of the NCDs – Interest Rates & Tenor

Tenure 38 months 60 months 26 months 38 months 60 months 120 months 38 months 60 months
Options I II III IV V VI VII VIII
Frequency of Interest Payment Monthly Monthly Annually Annually Annually Annually NA NA
Nature Secured Secured Secured Unsecured Unsecured Secured Secured Secured
Minimum Application 10 NCDs (Rs 10,000) (across all options of NCDs)
In multiples, of 1 NCD after the minimum application
Face Value of NCDs (Rs/NCD) Rs 1,000
Issue Price (Rs /NCD) Rs 1,000
Coupon (%) per annum 6.85% 7.35% 6.60% 7.10% 7.60% 8.00% NA NA
Amount on Maturity (Retail)  1,000 1,000 1,000 1,000 1,000 1,203 1,252.26 1,459.15

Muthoot Finance NCD April 2021 Lead Manager(s)

  • Edelweiss Financial Services Ltd
  • JM Financial Consultants Private Limited
  • Equirus Capital Private Limited
  • A.K. Capital Services Limited

Muthoot Finance NCD April 2021 Registrar to the Issue

Muthoot Finance NCD April 2021 – Documents

Muthoot Finance NCD April 2021 – Important FAQs

When is the Muthoot Finance NCD April 2021 issue open date ?

The Muthoot Finance NCD issue open date is on 8th April, 2021

When is the Muthoot Finance NCD April 2021 issue close date ?

The Muthoot Finance NCD issue close date is on 29th April, 2021

When is the price for one NCD for Muthoot Finance NCD April 2021 issue ?

The price band is Rs 1000 per NCD and minimum lot size is 10 Bonds (Rs. 10,000)

How to Apply Muthoot Finance NCD April 2021 issue?

Apply from your demat account. You can apply via downloading form from the official website and filling up all the details with the cheque of said amount. You can submit it to the collection centres.

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