HomeNCD BondsMuthoot Fincorp NCD April 2021 Details

Muthoot Fincorp NCD April 2021 Details

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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 NameMuthoot Fincorp Limited
Security TypeSecured and Unsecured Redeemable Non-Convertible Debentures
Issue PeriodApr 07, 2021 – Apr 29, 2021
Issue sizeRs.20,00,000 Lakhs
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“A+ (Stable)” by CRISIL Limited
AllotmentFirst 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
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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

Red Herring Prospectus

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.

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