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Muthoot FinCorp NCD XI

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Muthoot Fincorp Limited launches its XI-series NCD which has been rated “A+/Stable” by CRISIL Limited.

NCD-XI Issue Details

The details of the Issue are as under

Security Name
Muthoot Fincorp Limited
Security Symbol
MFINCORP11
Issue Size
Base Issue of Rs. 20,000 Lakhs with an option to retain oversubscription upto Rs. 20,000 Lakhs, aggregating to Rs.40,000 Lakhs
Issue Price
Rs. 1,000/- each NCD
Face Value
Rs. 1,000/- each NCD
Minimum Lot Size
1 (one) NCD
Market Lot
1 (one) NCD
Minimum Application Size
10 (ten) NCDs (i.e. Rs 10,000/- (Rupees Ten Thousand Only)) either taken individually or collectively across all or any series of NCDs
In Multiples of
1 (one) NCD (Rs. 1,000) across all series of NCDs
Credit Rating
CRISIL A+/Stable by Crisil Rating
Rating Agency
CRISIL Limited

NCD XI - Issue Structure

The structure of the Issue are as under

Options
I
II
III
IV
V
VI
VII
VIII
IX
Nature
Secured
Secured
Secured
Unsecured
Unsecured
Secured
Secured
Secured
Unsecured
Tenure
27 Months
38 Months
60 Months
72 Months
87 Months
27 Months
38 Months
60 Months
87 Months
Frequency of Interest Payment
Monthly
Monthly
Monthly
Monthly
Monthly
Cumulative
Cumulative
Cumulative
Cumulative
Minimum Application
Rs.10,000 (10 NCDs)
In multiples, of
1 NCD after minimum application
Face Value of NCDs (₹ /NCD)
Rs.1,000 (1 NCD)
Issue Price (₹ /NCD)
Rs.1,000 (1 NCD)
Mode of Interest Payment/ Redemption
Through various options available
Coupon (%) per annum*
8.25
8.50
8.75
9.50
9.75
NA
NA
NA
NA
Coupon Type
Redemption Amount (₹ /NCD) for Debenture Holders*
1000
1000
1000
1000
1000
1203
1307
1546
2022
Effective Yield (%) (per annum)*
8.57
8.84
9.10
9.92
10.20
8.58
8.83
9.10
10.19
Put and Call Option
NA
Deemed Date of Allotment
The date of issue of the Allotment Advice, or such date as may be determined by the Board or Stock Allotment Committee and notified to the Stock Exchange. 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.

Public Issue

Rating assigned to the non-convertible debt securities Crisil A+/Stable by Crisil Rating