Muthoot Finance limited's Public Issue of Secured Non Convertible Debentures (NCDs) opens on 23rd August and closes on 5th September 2011. Advertisement will be issued in newspapers in case of early closure.
The size of issue is Rs.1000 crores.
The NCD issue has been rated at AA-Stable by CRISIL AND CARE.
This offer is open for institutional and individual investors and each NCD carries a face value of Rs. 1,000.
Three series on offer—option I, 24 months with 12% interest, option II 36 months with 12.25% and option III, 60 months with 12.25% interest for individual investors.
Investors can apply for a minimum five NCDs (worth Rs. 5,000) under each option with
additional investments in multiples of Rs.1,000.
Allotment will be made on first-come-first-served basis. Interest on application and refund is 8%.
Cheque / DD should be drawn in favour of “Escrow Account Muthoot Finance NCD Public Issue” by
all applicants. It should be crossed “A/c Payee only”.