HomeNCD BondsMuthoot Finance NCD December 2020, Issue date, Review & Interest Rates

Muthoot Finance NCD December 2020, Issue date, Review & Interest Rates

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Muthoot Finance NCD December 2020

Muthoot Finance Secured issued the Non-Convertible Debentures (NCD) subscription from 11th December, 2020 and ending on 5th January 2021.

Muthoot Finance offering upto 7.75% interest rates on the NCDs. The NCDs tenure will be for 38 Months and 60 Months.

Muthoot Finance NCD December 2020 Details

DescriptionDetails
NCD Issue Open 11-Dec-20
NCD Issue Close 05-Jan-21
Issue Size  – BaseRs 100.00 Crores
Issue Size – Shelf  Rs 900.00 Crores
Price Band Rs 1000 per NCD
Face Value Rs 1000 each NCD
Interest Rate Upto 7.75% ** (Annually)
Minimum Lot size 10 Bonds (Rs. 10,000)
Maximum Lot Size1,000 Bonds (Rs .10,00,000)
Credit Rating “AA (Stable)” by ICRA
 “AA/Positive” by CRISIL
Payment Frequency Monthly or Annual
Basis of Allotment First Come First Serve Basis
Listing At BSE

Objects of the Issue

The Net Proceeds raised through the Tranche II Issue will be utilised for following activities in the ratio provided as below:

  1. For the purpose of lending: minimum of 75% of the amount raised and allotted in the Issue
  2. For General Corporate Purposes: shall not exceed 25% of the amount raised and allotted in the Issue

Muthoot Finance NCD Dec 2020 Lead Manager(s)

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

Muthoot Finance NCD Dec 2020 Registrar

Link Intime India Private Ltd
C 101, 247 Park, L.B.S.Marg,
Vikhroli (West), Mumbai – 400083
Phone: +91-22-4918 6270
Email: mfl.ncd2020@linkintime.co.in
Website: http://www.linkintime.co.in

Muthoot Finance NCD Dec 2020 – Documents

Click here to download prospectus

Important FAQs

When is the Muthoot Finance NCD Dec 2020 issue open date ?

The Muthoot Finance NCD issue open date is on 11th December, 2020

When is the Muthoot Finance NCD Dec 2020 issue close date ?

The Muthoot Finance NCD issue close date is on 5th January, 2021

When is the price for one NCD for Muthoot Finance NCD Dec 2020 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 Dec 2020 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.

Source : BSE

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