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14-Feb2019

Muthoot Finance planning to raise up to Rs 750 crore through NCDs

Muthoot Finance is planning to raise up to Rs 750 crore through non-convertible debentures (NCDs). The base size of the issue of Rs 100 crore, with an option to retain oversubscription up to Rs 650 crore.

It offers nine investment options for secured NCDs with monthly, annual interest payment frequency or on maturity redemption payments with effective yield between 9.25-10 percent per annum. The issue will open on February 14 and closes on March 14. It also has an option to close on earlier date or extended date.

Muthoot Finance is a non-banking financial company (NBFC), which is engaged in providing loan (financing) against collateral of gold jewelry. The company offers gold loans, foreign inward money transfer services, foreign exchange services, insurance broking etc.


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