Source: http://indiaer.blogspot.com/2011/12/get-1300-pa-with-rated-secured-ncds.html
Get 13.00% pa with 'A+' Rated SECURED NCDs
We are pleased to present you an opportunity to invest in the Private Placement of Secured NCDs by Muthoot Fincorp Ltd. The issue carries attractive rates ranging between 12.75-13.00% pa. The NCDs are available in 2 options – 18 and 36 Months. Total size of this issue is 150 Cr. The debentures are allotted on a first cum first serve basis and in demat mode only.
Terms of the Issue -
Options
|
1
|
2
|
Tenor
|
18 Months
|
36 Months
|
Coupon (% pa)
|
12.75%
|
13.00%
|
Rating
|
A+ by CRISIL
| |
Frequency of Interest Payment
|
Annually
| |
Face Value (Rs./Debenture)
|
1 Lakh
| |
Issue Price (Rs./Debenture)
|
1 Lakh
| |
Minimum Application
|
1 Debenture
| |
Put/Call option
|
No
| |
Redemption Amount (Rs./Debenture)
|
1 Lakh
| |
Listing
|
WDM Segment of BSE
| |
Issue Closing Date
|
31st December 2011
| |
Company Overview -
Muthoot Fincorp Limited is a finance company catering to the financial needs of retail and institutional customers. It is registered with the Reserve Bank of India as a systemically important non-deposit taking non-banking finance company (NBFC) with a paid up capital of Rs 181.25 crores and a Net Owned Fund of Rs 766.50 cr as on 30.09.2011.
Muthoot Fincorp Limited provides a host of financial services through a wide network of over 1590 branches pan India. It has a diverse mix of retail offerings in the areas of Consumer loan products and investment advisory services. These include Gold loans, Home loans, Auto loans, Loans against Property, Investment products and Advisory Services.
The issue closes on Dec 31st, 2011. Kindly contact for the application forms.
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