Muthoot Finance Ltd NCD

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Muthoot Finance Ltd NCD

Issue of secured non-convertible debentures (NCDs) on first-come-first-serve basis

Issuer Muthoot Finance Ltd
Issue Public issue of NCDs aggregating up to Rs300 crore with an option to retain over-subscription up to Rs300 crore.
Issue opens December 22, 2011
Issue closes January 7, 2012
Stock exchange proposed for listing of the NCDs BSE
Issuance and trading Compulsorily in dematerialised form
Trading lot 1 (one) NCD
Depositories NSDL and CDSL
Rating AA-/Stable by CRISIL and ICRA
Pay-in date 3 (Three) business days from the date of receipt of application or the date of realisation of the cheques/demand drafts, whichever is later.
Deemed date of allotment Shall be the date as decided by the duly authorised committee of the board constituted by resolution of the board dated July 25, 2011.
Day count basis Actual/Actual
Security First pari passu charge on the identified immovable property and a first pari passu charge on current assets, book debts, loans and advances, and receivables including gold loan receivables.
Who can apply Please refer to the terms and conditions.

Specific terms of the issue

Options I II III IV
Frequency of interest payment Annual Annual Annual Cumulative
Minimum application Rs5,000 (5 NCDs; for all options of NCDs, namely Options I, Option II, Option III, and Option IV either taken individually or collectively)
In multiples of (in Rs) 1,000 (1 NCD) 1,000 (1 NCD) 1,000 (1 NCD) 1,000 (1 NCD)
Mode of interest payment Through various options available
Face value of NCDs (in Rs) 1,000 1,000 1,000 1,000
Issue price (per NCD – in Rs) 1,000 1,000 1,000 1,000
Coupon rate (%) for NCD 13.00 13.25 13.25 NA
Effective yield (% per annum) 13.00 13.25 13.25 13.43
Tenor (in months) 24 36 60 66
Redemption date (in months from the deemed date of allotment) 24 36 60 66
Redemption amount (in Rs; per NCD) Repayment of the face value plus any interest that may have accrued on the redemption date. 2000

 National Highways Authority of India NHAI Tax-free Bond Issue

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