Muthoot Finance Ltd NCD

| August 19, 2011 | 13 Comments

Muthoot Finance Ltd is coming out with Secured Non-Convertible Debentures (NCDs) for coupon rate upto 12.25% annual basis. The NCD is opening for subscription on August 23, 2011 to collect upto 1000 Crore.  The main objective of the NCD is for expention and working capital.  The issue will be on first come, first served basis and thus may close the issue on collection the sanctioned fund value.

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NCD Details

Option
 I II III
Frequency of Interest Annual Annual Annual
Tenure 24 Months 36 Months 60 Months
Minimum Application Rs 5,000/- ( 5 Bonds of Face Value of Rs 1,000/- Rs 5,000/- ( 5 Bonds of Face Value of Rs 1,000/- Rs 5,000/- ( 5 Bonds of Face Value of Rs 1,000/-
In Multiples of Rs. 1000/-  ( 1 NCD ) Rs. 1000/-  ( 1 NCD ) Rs. 1000/-  ( 1 NCD )
Coupon Rate – category I 11.75% 12.00% 12.00%
Coupon Rate – category II 12.00% 12.25% 12.25%
Coupon Rate – category III 12.00% 12.25% 12.25%
Issue Opens August 23, 2011
Issue Closes September 05, 2011
Issue Size Rs 1000 Crore
Listing BSE   /   NSE
Rating CRISIL – ‘AA-/Stable’  &  ICRA – ‘AA-(Stable)
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Category: Blog, Fixed Deposit

  • dev

    Which is better ?

    Muthoot Finance Ltd NCD or Manappuram Finance Limited NCD

    Manappuram Finance Limited NCD is giving 12.56% effect yield. Please let me know what is the effective yield of Muthoot Finance Ltd NCD for 60 months option.

    Thanks
    Dev

    • admin

      Muthoot is better as it is for longer term and also has interest basis points higher than Manappuram. So, listing premium is ought to be higher for Muthoot!

      • dev

        Thanks Admin for your quick response :)

  • ashmait

    what do u mean by category I, II, and III regarding the coupon rate

    • admin

      There are 3 different categories for different types of investors.
      Retail Individual fall into Category – 3

      So, highest coupon rate applies for Resident Indian individuals and Hindu Undivided Families through the Karta applying for NCDs aggregating to a value not more than Rs. 500,000, across all series of NCDs, (Option I, II and III)

  • jayant

    what is the collection status of mudhoot NCD?

    • admin

      Its undisclosed. Though the fact that they are advertising in newspapers testifies that it is not full. Maybe investors have already invested in previous NCDs
      Those who still got money have got the chance!

  • Jay

    Could assist me where can I check the application status of Muthoot NCD?

  • http://www.policywala.com policywala

    It’s listed on discount. What to do now?

    • admin

      Hold. You’ll still get the interest it is offering!

  • SSV

    Dear Sir,

    Pls. tell me the safest and highest return FD’s. Time limit 5years

    Regards, SSV

  • arun

    i would like to invest 2,lack rupees, after 5 years how much money i will get……

  • prasad

    ?+Flag as inappropriate
    i would like to invest 2,lack rupees, after 5 years how much money i will get……

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