The non-convertible debentures (NCDs) from Muthoot Fincorp were made available for subscription on 10 April 2024. These bonds will be issued at the face value of Rs 1,000, with a minimum application size of Rs 10,000 across all categories. The NCDs are scheduled to be listed on the debt market segment of BSE. The subscription for this issue will close on 25 April 2024.
The NCDs under Tranche IV offer maturity/tenure options of 26, 38, 60, 72, and 94 months, with monthly, annual, and cumulative payment options across across 13 series for selection.
The effective yield (per annum) for the NCD holders in all categories of investors ranges from 9.26% to 10%.
Crisil has rated the secured NCDs issued under Tranche IV at AA-/Stable. This rating signifies a high degree of safety regarding the timely servicing of financial obligations and indicates very low credit risk.