Major Gold financer Muthoot Fincorp launches Rs 300-cr NCDs issue
Leading gold loan financier Muthoot Fincorp on Friday said it will raise Rs 300 crore through the issue of secured, redeemable, non-convertible debentures (NCDs)
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Gold loan. Photo: Shutterstock
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Leading gold loan financier Muthoot Fincorp on Friday said it will raise Rs 300 crore through the issue of secured, redeemable, non-convertible debentures (NCDs).
The issue opened for public subscription from Friday and will be open till January 25, the company said.
The company said the proposed debt issuance is within the shelf limit of the board approved plan of raising up to Rs 1,100 crore this fiscal.
The base size of the third tranche is Rs 75 crore with a green shoe option of Rs 225 crore.
The company offers tenure options of 24 months, 36 months, 60 months, and 96 months with monthly, annual, and cumulative payment options across options with the coupon rate ranging from 9.26-9.75 per cent.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
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First Published: Jan 12 2024 | 3:57 PM IST