Business Standard

Muthoot Finance's NCD opens today

The issue has opened today (2 September, 2012)

Related News

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, non-convertible debentures and unsecured, redeemable, non-convertible debentures 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. 

Read more on:   
|

Muthoot Finance's NCD opens today

The issue has opened today (2 September, 2012)

Muthoot Finance Limited, one of India's largest gold financing company in terms of loan portfolio, has come up with its non-convertible debentures (NCDs).
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, non-convertible debentures and unsecured, redeemable, non-convertible debentures 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. 
image

Read More

Fund raising via QIP hit a 3-month low in July: Sebi

Amid sluggish market conditions, fund raising by Indian companies through issue of shares to institutional investors hit a three-month low of Rs 918 ...

Recommended for you

Quick Links

Market News

RCom, BPCL plan to launch dollar bonds

For RCom, it will be second time the Ambani company is testing the investors' appetite for its paper

BSE currency options segment largest in the world

Number of contracts in currency options segment had grown by nearly 30% in March

Nifty ends down 101 points; TCS down 4%, Lupin slumps 7%

The 30-share Sensex ended down 224 points at 28,442 and the 50-share Nifty ended down 101 points at 8,606.

Sensex ends down 242 points; IT shares drag

The 30-share Sensex provisionally ended down 242 points at 28,425 and the 50-share Nifty ended down 104 points at 8,603.

Pharma shares extend fall; CNX Pharma index down 3%

Lupin, Aurobindo, Sun Pharma, Cadila Healthcare, Venus Remedies, SPARC & Shasun Pharma down were 3%-7%.

 

Back to Top