Muthoot Finance's Rs 500-cr bond issue

Gold loan company Muthoot Finance said on Wednesday its Rs 500-crore bond issue, the third this financial year, will hit the markets on Friday. "We have got Sebi permission for a Rs 250 crore NCD (non-convertible debenture) issue which has a green-shoe option," Muthoot Finance Managing Director George Alexander Muthoot said. The issue offers four different tenors - two years with a yield on 13 per cent, three years at 13.25 per cent, five years for HNIs and QIBs, with a coupon of 13.25 per cent and five and a half year tenor attracting 13.4 per cent.