Muthoot Finance Ltd is the largest gold financing company in India in terms of loan portfolio. They provide personal and business loans secured by gold jewellery, or Gold Loans, primarily to individuals who possess gold jewellery but could not 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.

Company's Gold Loan portfolio as of March 31, 2011 comprised approximately 4.7 million loan accounts in India that they serviced through 2,733 branches across 20 states, the national capital territory of Delhi and four union territories in India. They have since increased their branch network to 2,997 branches as of June 30, 2011. As of June 30, 2011, they employed 19,125 persons in operations. Muthoot headquartered in the southern Indian state of Kerala.

Options

Option 1: The maturity date is 24 months from the date of allotment and the coupon rate is 11.75 per cent per annum.

Option 2: The maturity date is 36 months and the coupon rate is 12 per cent.

Option 3: The maturity date is 60 months and the coupon rate is 12 per cent. There are three investment categories under each option and the effective yield will vary from 11.75 per cent to 12.25 per cent.

Objects of the Issue:

The funds raised through this issue will be utilised for various financing activities including lending and investments, to repay existing liabilities and to meet working capital requirements.

Issue Detail:

  »»  Issue Open: Aug 23, 2011 - Sep 05, 2011
  »»  Issue Type: Fixed Price Issue NCD
  »»  Issue Size: 5,000,000 NCD's of Rs. 1000
  »»  Issue Size: Rs. 500.00 Crore
  »»  Face Value: Rs. 1000 Per NCD
  »»  Issue Price: Rs. 1000 Per NCD
  »»  Market Lot: 1 NCD
  »»  Minimum Order Quantity: 5 NCD
  »»  Listing At: BSE, NSE

The NCDs have been rated AA-/stable by CRISIL and AA-(stable) by ICRA.

Bond Notices

Listing of Secured Redeemable Non-Convertible Debentures of Muthoot Finance Limited
Date: September 16, 2011

NSE today issued a notice for the list of Muthoot Finance Limited NCD's on September 20, 2011.

Download the circular at http://www.nseindia.com/content/circulars/cmls18897.zip

Company Contact Information

Registered Office :
    Muthoot Chambers,
    Opp Saritha Theatre Complex, 2nd Floor,
    Banerji Road, Kochi 682 018, India
Phone: (91 484) 239 4712
Fax: (91 484) 239 6506
Email: ncd@muthootfinance.com
Website: http://www.muthootfinance.com

Muthoot Finance NCD Rating

3.6

Rating:

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Muthoot Finance NCD Registrar

Link Intime India Private Ltd
   Link Intime India Private Ltd,
   C-13 Pannalal Silk Mills Compound,
   LBS Marg, Bhandup West, Mumbai 400078

Phone: +91-22-25963838
Fax: +91-22-25946969
Email: mfl.ipo@linkintime.co.in
Website: http://www.linkintime.co.in

Muthoot Finance NCD Lead Manager(s)

1. HDFC Bank Limited

2. ICICI Securities Limited

3. JM Financial Consultants Private Limited

4. Kotak Mahindra Capital Company Limited

5. YES Bank Limited,

Muthoot Finance NCD Messages (Muthoot Finance NCD Comments)

9. bcskal Oct 31, 2012 7:07:25 AM IST | Reply | Like | Report Abuse

LISTING DATE OF MUTHOOT FINANCE NCD CLOSED ON 22.10.2012
Can anybody inform when is the listing date of the Muthoot Finance NCD, closed on 22.10.2012? Whether allotment has been done or not? Kindly inform us. Thanks.

8. Vip jpr Aug 30, 2012 12:53:55 AM IST | Reply | Like | Report Abuse

Thanks Amit but Why 14th Sep?

7. Narendra Kumar SS Jan 01, 2012 11:07:42 AM IST | Reply | Like | Report Abuse

Visit economicttimes dot blog spot dot com for knowing the "Key Information" on this issue.

6. jigar patel Dec 21, 2011 5:58:00 PM IST | Reply | Like | Report Abuse

is this right double the money in just 66 months?

6.1. InvestmentGuru Dec 21, 2011 7:07:14 PM IST | Like | Report Abuse

Yes, It is correct.

5. saurabh sancheti Sep 16, 2011 12:32:28 PM IST | Reply | Like (1) | Report Abuse

credit 500 debentures in demat account today

5.1. CHACHA Sep 16, 2011 12:46:05 PM IST | Like (2) | Report Abuse

MUTHOOT KE NCD SE ITNA KHUS MAT HO KYKI FIR 1 BAR PUBLIC KA PAISA HI BLOCKHOGA ..DISCOUNT LISTING

4. SAN Sep 14, 2011 7:36:53 AM IST | Reply | Like (1) | Report Abuse

What is difference in Bond and NCD?

3. a nagraj Sep 08, 2011 11:11:36 AM IST | Reply | Like (2) | Report Abuse

allotment may be after 16-09-2-11

3.1. ankm Sep 08, 2011 2:56:12 PM IST | Like (1) | Report Abuse

what about manappuram?

2. shafin rupani Sep 06, 2011 12:18:15 PM IST | Reply | Like (6) | Report Abuse

This bond will list @ rs 1020.........confirm news

1. SAN Sep 06, 2011 9:42:57 AM IST | Reply | Like (2) | Report Abuse

Is allotment status out?

I understand that it closed yesterday already.

Happy Investing

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