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Muthoot Finance's NCD opens today

The issue has opened today (2 September, 2012)

Chandan Kishore Kant  |  Mumbai 

Limited, one of India's largest gold financing company in terms of loan portfolio, has come up with its (NCDs).
 
The issue has opened today (2 September, 2012).
 
In a statement the company said, "(It) will open on September 02, 2013, a public issue of secured, redeemable, and unsecured, redeemable, of face value of Rs 1,000 each aggregating upto Rs 150 crore with an option to retain oversubscription up to Rs 150 crores, aggregating to a total of up to Rs 300 crores." 
 
The NCD issue, with eleven investment options and effective yield of up to 12.55% (per annum) closes on September 16, 2013, with an option for early closure as may be decided by the NCD public issue committee subject to necessary approvals.
  
The NCDs offered through the prospectus are proposed to be listed on BSE Limited. The NCDs proposed to be issued under this issue have been rated 'CRISIL AA-/Negative' by CRISIL and '[ICRA] AA- /Negative' by ICRA. 

First Published: Mon, September 02 2013. 14:32 IST
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