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
|NCD Issue Open||11-Dec-20|
|NCD Issue Close||05-Jan-21|
|Issue Size – Base||Rs 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 Size||1,000 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|
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:
- 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
Muthoot Finance NCD Dec 2020 Lead Manager(s)
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: [email protected]
Muthoot Finance NCD Dec 2020 – Documents
Click here to download prospectus
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