Muthoot Fincorp has announced the public issue of 35 lakh Secured Redeemable Non-Convertible Debentures (NCDs) of the face value of Rs 1000 each for an amount aggregating up to Rs 350 crore.
The base size issue is Rs 100 crore, with an option to retain over-subscription up to an additional Rs 250 crore (Green Shoe Option) aggregating up to Rs 350 crore.
The issue is scheduled to open on 29 April 2025 and close on 13 May 2025, with an option of early closure or extension.
There are 12 series of NCDs carrying fixed coupons and having a tenure of 24 months, 36 months, 60 months and 72 months with monthly, annual and cumulative interest payment options.
An effective yield (per annum) for the NCD holders in all categories of investors ranges from 9.38% to 10.0%.
The NCDs issue has been rated CRISIL AA-/Stable by CRISIL.
The minimum application size for each application for NCDs would be Rs 10,000 across all series collectively and in multiples of Rs 1000 thereafter with allotment on first come first serve basis.
NCDs are proposed to be listed on BSE.