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Issue size is ₹200 cr with green shoe option of another ₹200 cr, aggregating to ₹400 cr
Kerala-based non-banking financial company (NBFC) Muthoot FinCorp has launched the seventh in the series of NCD public issues that opened on Monday. The issue will close on October 23. The issue size is ₹200 crore with a green shoe option of another ₹200 crore, aggregating to ₹400 crore, said Thomas John Muthoot, Chairman, Muthoot FinCorp.
The issue has three tenor options — 27 months, 38 months and 60 months. Interest payments will be made on monthly and annual basis, and at redemption. The interest rate varies from 8.85 per cent to 9.15 per cent for monthly payments and 9.25 per cent to 9.60 per cent for annual and cumulative payment options. Crisil has rated the issue ‘A stable’.
Over the last year to date, the company has received investments of more than ₹400 crore from various investors for its covered bonds. “We have received NCD investments of more than ₹1,000 crore from various PSU banks in the current year,” Thomas John Muthoot said.
The company has issued six NCD public issues aggregating to ₹1,940 crore over the last six years and mobilised ₹1,639.81 crore. It has also promptly redeemed maturing NCDs and serviced the interest at all times, he added.
It has been brought to our notice that certain individuals are receiving fraudulent emails, phone calls, and messages, etc, about job vacancies with Muthoot FinCorp and they are also being asked to deposit money in certain bank accounts.
Please be informed that such communications and practices are completely mala fide and sent with an intent to defraud the public and bring disrepute to the goodwill of our Company. Our Company does not ever demand any fee/money against recruitment nor for the application/interview process.
The public at large is hereby cautioned not to be misled by any such communications received through emails, message or any other communication mode.
Please contact us for further information about the genuineness or otherwise of such communications at: