Muthoot Fincorp has announced the public issue of 60 lakh Secured Redeemable Non-Convertible Debentures (NCDs) of the face value of Rs 1000 each for an amount aggregating up to Rs 600 crore.
The base size issue is Rs 200 crore, with an option to retain over-subscription up to an additional Rs 400 crore (Green Shoe Option) aggregating up to Rs 600 crore.
The issue is scheduled to open on 13 March 2026 and close on 23 March 2026, 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 annual, monthly and cumulative interest payment options.
An effective yield (per annum) for the NCD holders in all categories of investors ranges from 8.7% to 9.1%.
The NCDs issue has been rated CRISIL AA-/Positive and “BWR AA/Stable” for an amount of by Brickwork Ratings India.
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. Allotment is on First Come First Served Basis.
NCDs are proposed to be listed on BSE.