Muthoot Fincorp NCD April 2021 Details – Issue Date, Review & Interest Rates
Muthoot Fincorp Limited is the one of India’s leading NBFCs. As the flagship company of Muthoot Pappachan Group (also known as Muthoot Blue). The company offer an extensive array of financial services, like Gold Loans, Small Business Loans, Affordable Housing Loans, Two wheeler Loans, Used-car Loans, Domestic Money Transfer, International Remittance, Foreign Exchange, Insurance Products & Services, Wealth Management Services, Affordable Gold Jewlery and more. Each of the branches is like a financial super-market helping the customer in fulfilling most of the requirements under one roof.
Muthoot Fincorp Limited issued the Secured and Unsecured Redeemable Non-Convertible Debentures (NCD) subscription from 7th April, 2021 and ending on 29th April, 2021.
Muthoot Fincorp offering upto 10.19% interest rates on the NCDs. The NCDs tenure will be for 27 months, 38 months, 60 months, 72 months and 87 months.
Muthoot Fincorp NCD April 2021 Details
| Security Name | Muthoot Fincorp Limited |
| Security Type | Secured and Unsecured Redeemable Non-Convertible Debentures |
| Issue Period | Apr 07, 2021 – Apr 29, 2021 |
| Issue size | Rs.20,00,000 Lakhs |
| Issue Price | Rs.1000 per NCD |
| Face value | Rs.1000 per NCD |
| Market Lot | 1 NCD |
| Minuimum Lot Size | 10 NCD (Rs.10000) |
| Listing At | BSE |
| Credit Rating | “A+ (Stable)” by CRISIL Limited |
| Allotment | First Come First Serve Basis |
Objects of the Issue
- For the purpose of onward lending, financing, and for repayment/prepayment of interest and principal of existing borrowings of our Company
- General corporate purposes
Also Read : Edelweiss Financial Services NCD April 2021 – Issue Date, Review & Interest Rates
Terms of the NCDs – Interest Rates & Tenor
| Tenure | 27 months | 38 months | 60 months | 72 months | 87 months | 27 months | 38 months | 60 months | 87 months |
|---|---|---|---|---|---|---|---|---|---|
| Options | I | II | III | IV | V | VI | VII | VIII | IX |
| Frequency of Interest Payment | Monthly | Monthly | Monthly | Monthly | Monthly | Cumulative | Cumulative | Cumulative | Cumulative |
| Nature | Secured | Secured | Secured | Unsecured | Unsecured | Secured | Secured | Secured | Unsecured |
| 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 | 8.25% | 8.50% | 8.75% | 9.50% | 9.75% | NA | NA | NA | NA |
| Effective Yield (%) (per annum) | 8.57% | 8.84% | 9.10% | 9.92% | 10.20% | 8.58% | 8.83% | 9.10% | 10.19% |
| Redemption Amount (₹ /NCD) for Debenture Holders |
1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,203 | 1,307 | 1,546 | 2,022 |
Muthoot Fincorp NCD April 2021 Lead Manager(s)
- SMC Capitals Limited
Muthoot Fincorp NCD April 2021 Registrar to the Issue
- Integrated Registry Management Services Private Limited
Muthoot Fincorp NCD April 2021 – Documents
Muthoot Fincorp NCD April 2021 – Important FAQs
When is the Muthoot Fincorp NCD April 2021 issue open date ?
The Muthoot Fincorp NCD issue open date is on 7th April, 2021
When is the Muthoot Fincorp NCD April 2021 issue close date ?
The Muthoot Fincorp NCD issue close date is on 29th April,, 2021
When is the price for one NCD for Muthoot Fincorp 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 Fincorp 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.