Muthoot Finance NCD May2014
Gold loan financing company Muthoot Finance will launch its Rs 500 crore public issue of secured reedemable non-convertible debentures and unsecured reedemable non-convertible debentures of face value of Rs 1,000.00 each on May 26.
The issue is going to open on May 26 and will close on June 26, 2014.
The funds raised through this Issue will be utilised for various financing activities of the company, including lending and investments, to repay existing liabilities or loans and towards business operations including for capital expenditure and working capital requirements and general corporate purposes.
Muthoot Finance is the largest gold loan NBFC in India in terms of loan portfolio. It provides personal loans and business loans secured by gold jewellery, or gold loans.
The issue has been rated AA-/stable by ICRA for an amount of upto Rs 500 crore.
Tenure ROI Pay Frequency
24months 11% Monthly
24months 11.50% Annually
36months 11.50% Monthly
36months 11.75% Annually
60months 11% Monthly
60months 11.50% Annually
400Days 10.50% Cumulative
For further details :
feel free to contact us
Ashish Gupta
9891360555
ashish.broker@gmail.com
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