FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
|
Issue Open | September 20, 2019 |
Issue Close | October 18, 2019 |
Issue Size (Base) | ₹250.00 Crores |
Issue Size (Shelf) | ₹250.00 Crores |
Issue Price | ₹1000 per NCD |
Listing At | BSE |
Note that the public issue of NCD is closed early in case it is fully subscribed (base + shelf) before its issue closing day.The allotment is done on a First Come First Serve Basis.
Bid/Offer Opens On | September 20, 2019 |
Bid/Offer Closes On | October 18, 2019 |
Record Date | |
Deemed Date of Allotment |
Terms and conditions in connection with Secured NCDs****Series |
I |
II |
III |
IV |
V |
VI |
VII |
VIII |
Frequency of Interest Payment |
Monthly |
Monthly |
Monthly |
Annual |
Annual |
Cumulative |
Cumulative |
Cumulative |
Minimum Application |
Rs 10,000 (10 NCDs) |
|||||||
In multiples of thereafter |
Rs 1,000 (1 NCD) |
|||||||
Face Value of Secured NCDs (Rs / NCD) |
Rs 1,000 |
|||||||
Issue Price (Rs / NCD) |
Rs 1,000 |
|||||||
Tenor from Deemed Date of Allotment |
400 days |
24 months |
36 months |
24 months |
36 months |
400 days |
24 months |
36 months |
Coupon Rate (% per annum) |
9% |
9.25% |
9.50% |
9.50% |
10% |
9.25% |
9.5% |
10% |
Effective Yield (Per annum) |
9.38% |
9.65% |
9.92% |
9.50% |
10% |
9.30% |
9.95% |
11.03% |
Mode of Interest Payment |
Through various options available |
|||||||
Redemption Amount (Rs / NCD**** |
Rs 1,000 |
Rs 1,000 |
Rs 1,000 |
Rs 1,000 |
Rs 1,000 |
Rs 1,102 |
Rs 1,199 |
Rs 1,331 |
Nature of indebtedness |
Secured rated listed non-convertible debentures |
|||||||
Put and Call Options |
N.A. |
N.A. |
N.A. |
N.A. |
N.A. |
N.A. |
N.A. |
N.A. |
Deemed Date of Allotment | The date on which the Board or the Debenture Committee approves the Allotment of NCDs. All benefits relating to the NCDs including interest on the NCDs shall be available to the Investors from the Deemed Date of Allotment. The actual Allotment of NCDs may take place on a date other than the Deemed Date of Allotment |
Note that the Shelf issue is an option to retain oversubscription up to shelf issue size over and above the base issue.
You could check Muthoot Fincorp Limited NCD Grey Market Premium (GMP Rate) by visiting our Grey Market Price (Message Board).
Note that there is no official source of GMP Rate as they are over-the-counter transactions.
The NCDs proposed to be issued under this Issue have been rated "BWR A+" (BWR A plus; Outlook: Stable)' for an amount of Rs 50,000 lakhs , by Brickwork Ratings India Private Limited ("Brickworks") vide their letter dated August 23, 2019. The rating of BWR A+ by Brickworks indicate that instruments with this rating are considered to have adequate degree of safety regarding timely servicing of financial obligations and carry lowest credit risk.
Useful Articles
Rs 0 Account Opening Fee
Free Eq Delivery & MF
Flat ₹20 Per Trade in F&O
FREE Intraday Trading (Eq, F&O)
Flat ₹20 Per Trade in F&O
|