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Muthoot Finance Non-Convertible Debentures Jan 2012

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About Muthoot Finance Limited

Muthoot Finance Ltd is a NBFC incorporated in 1997 primarily provides loan against household used jewellery and offers other products and services like money transfer, insurance, securities, foreign exchange, vehicle and asset finance services. Gold loans account for 99% of Muthoot's assets under management with predominant exposure to South India.

 

Issue Size

The company plans for a public issue of secured, redeemable, non-convertible debentures (NCDs) of face value of Rs 1,000 each aggregating upto Rs 300 crore with an option to retain over subscription up to Rs 300 crore, aggregating to a total of upto Rs 600 crore.

 

Objective of the issue:

The funds raised through this Issue will be utilized for various financing activities including lending and investments, to repay existing liabilities or loans and towards business operations including capital expenditure and working capital requirements, after meeting the expenditures of and related to the issue and subject to applicable statutory/regulatory requirements.

 

Issue Dates:

Issue Open: Dec 22 2011

Issue Close: Jan 07 2012

 

Investment Options

There are 4 options through which investment can be made in Muthoot Finance NCD as described in the picture below.

 

Ratings

The NCDs under this issue have been rated as AA -/Stable by CRISIL and ICRA. The rating indicates a high degree of safety with regard to timely servicing of financial obligations on the NCDs and such instruments carry a very low credit risk.

 

Why Invest in Muthoot Finance NCD

The interest rate of 13-13.43% is being offered to individuals for duration of 2 years, 3 years, as well as 5 years, 5.5 years is an attractive opportunity when compared to bank deposits which offer interest rate ranging 9 - 10.25%. Unlike bank deposits there is no TDS for the interest rate payments. These are secured instruments and hence backed by assets of the company. The NCDs will be listed in the BSE and NSE hence there is a chance for capital appreciation in case the RBI starts reducing interest rates after some month.

 

How to apply to Muthoot Finance NCD?

You can download the forms below

Download Application Forms

Submit the filled up form to Collection canter near you

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