Muthoot Finance Limited NCD 2014

 

muthoot finance Muthoot Finance Limited NCD 2014

 Muthoot Finance Limited NCD 2014Muthoot Finance Limited NCD Jan 2014 Interest Rate up to 12.00%

Company Profile

  •  Muthoot Finance is a “Systemically Important Non-Deposit Taking NBFC” (NBFC-ND-SI) headquartered in the south Indian state of Kerala.
  •  Muthoot Finance has an operating history of over 74 years and is the largest gold financing company in India in terms of loan portfolio with a market share of 20.3% as of March 31, 2012, according to the IMaCS Industry Report 2012.
  • Muthoot Finance provide personal loans secured by gold jewellery, or Gold Loans, primarily to individuals who possess gold jewellery but are not able to access formal credit within a reasonable time, or to whom credit may not be available at all, to meet unanticipated or other short-term liquidity requirements.
  • For the years ended March 31, 2009, 2010, 2011, 2012 and 2013, our total income was ` 6,204.02 million, 10,893.80 million, `23,158.68 million, `45,490.55 million and `53,871.37 million, respectively, demonstrating an annual growth rate of 68.29%, 75.59%, 112.59%, 96.42% and 18.42% respectively.
  • As of March 31, 2009, 2010, 2011, 2012 and 2013, portfolio of outstanding gross Gold Loans under management was `33,000.73 million, 73,417.35 million, `157,280.72 million, `244,172.99 million and `260,003.72 million, respectively, and approximately 38.89 tons, 65.53 tons, 112.01 tons, 137.11 tons and 133.75 tons, respectively, of gold jewellery was held by us as security for our Gold Loans.

Muthoot Finance NCD Details

Issuer/ Borrower
Muthoot Finance Limited
Issue OpenDecember 27, 2013
Issue CloseJanuary 27, 2014
Nature of InstrumentSecured Redeemable NCDs
Credit RatingCRISIL AA-/Negative’ by CRISIL ‘ [ICRA] AA-/ Negative’ by ICRA
ListingBSE
IssuanceDematerialized and Physical Mode
Face Value(NCDRs. 1,000
Issue Price (NCD)Rs. 1,000
Minimum Application10,000/- or 10 NCDs (for all Series of NCDs either taken individually or collectively)
TradingDematerialized form only

Muthoot Finance NCD Series Details (Non Cumulative)

Option
I
II
III
IV
V
VI
Issue Price (` / NCD) 1,000/- 1,000/- 1,000/- 1,000/- 1,000/- 1,000/-
Frequency of Interest PaymentMonthlyMonthlyMonthlyAnnuallyAnnuallyAnnually
Tenor24 Months36 Months60 Months24 Months36 Months60 Months
Base Coupon (% per annum)10.75%11.25%10.75%11.25%11.50%11.25%
Additional incentive
(% per annum)ccategory II & III
0.75%0.75%0.75%0.75%0.75%0.75%
Coupon Rate (% per annum
category I
10.75%11.25%10.75%11.25%11.50%11.25%
Coupon Rate (% per annum)category II & III11.50%12.00%11.50%12.00%12.25%12.00%
Effective Yield category I10.75%11.25%10.75%11.25%11.50%11.25%
Effective Yield category II & III11.50%12.00%11.50%12.00%12.25%12.00%
Amount Maturity for category I` 1000/-1000/-1000/1000/-1000/-1000/
Amount Maturity for category II & III1000/-1000/-1000/-1000/-1000/-1000/-
Maturity Date24 Months36 Months60 Months24 Months36 Months60 Months

Muthoot Finance NCD Series Details (Cumulative)

Option
VII
VIII
IX
X
XI ( Unsecured NCD)
Issue Price (` / NCD) 1,000/- 1,000/- 1,000/- 1,000/- 1,000/-
Frequency of Interest PaymentN.AN.AN.AN.AN.A
Tenor400 Days24 Months36 Months60 Months72 Months
Base Coupon (% per annum)NANANANANA
Additional incentive
(% per annum)ccategory II & III
NANANANANA
Coupon Rate (% per annum
category I
NANANANANA
Coupon Rate (% per annum)category II & IIINANANANANA
Effective Yield category I10.75%11.25%11.50%11.25%11.50%
Effective Yield category II & III11.00%12.00%12.25%12.00%12.25%
Amount Maturity for category I1,118.92/-1,237.66/-1,386.20/-1,704.12/-1,921.54/-
Amount Maturity for category II & III1,121.71/-1,254.40/-1,414.36/-1,762.34/-2000/-
Maturity Date400 Days24 Months36 Months60 Months72 Months

Important Information (Instruction)

Please take print of the Application Form A3 / A4 paper size.

Attach following document along with the application form : –

1] PAN Card and Address Proof Photo Copy attested by applicant.

2] One Cancelled Cheque copy.

3] Bidding is mandatory.

4] Cheque / DD should be drawn in favour of “Escrow Account Muthoot Finance NCD Public Issue

5] On First come First Serve Basis

6] Keep photocopy of application form for your record.

7] Submit / deposit your NCD application form in Listed/ Design Bank Branches.

8] To record and track the status/allotment of your application form, send us the soft copy Application Form/ Acknowledgement Slip.

9] The actual bond will reflect in your demat account within 8-12 weeks time form date of allotment.

10] Free Home Service available *

Who can apply / invest ?

1] Individual, 2] HUF, 3] Charitable Institute, 4] Company, 5] Firms, 6] Co-operative, 7] NRI, 8] Financial Institute

Financial Information:

 Muthoot Finance Limited NCD 2014

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