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Issue Open | August 7, 2019 |
Issue Close | September 5, 2019 |
Issue Size (Base) | ₹1,000.00 Crores |
Issue Size (Shelf) | ₹500.00 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 | August 7, 2019 |
Bid/Offer Closes On | September 5, 2019 |
Record Date | |
Deemed Date of Allotment |
Series 1 | Series 2 | Series 3 | Series 4 | Series 5 | Series 6 | Series 7 | Series 8 | |
---|---|---|---|---|---|---|---|---|
Frequency of Interest Payment | Cumulative | Monthly | Monthly | Annual | Cumulative | Monthly | Annual | Cumulative |
Nature | Secured | |||||||
Tenor | 480 days | 24 months | 36 months | 60 months | ||||
Coupon Rate For Category I & II | NA | 10.00% | 10.25% | 10.50% | NA | 10.35% | 10.65% | NA |
Amount on Maturity For Category I & II/ for III & IV | Rs 1,132 | Rs 1,000 | Rs 1,000 | Rs 1,000 | Rs 1,340 | Rs 1,000 | Rs 1,000 | Rs 1,636 |
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 Muthoottu Mini Financiers Ltd 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 'CARE BBB-; Stable' by CARE Ratings Limited for an amount of up to Rs 15,000 lakhs vide its letter dated July 1, 2019. The rating of the NCDs by CARE Ratings Limited indicate that instruments with this rating are considered to have moderate degree of safety regarding timely servicing of financial obligations and carry moderate credit risk.
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