JAIN BROKER

Muthoot Finance NCD-Series II

Posted: 21 Dec 2011 11:56 AM PST

Muthoot Finance Ltd is launching another NCD within a span of 4 months to generate working capital of Rs 300 Cr with limit of over-subscription of Rs 300 Cr under Green Shoe option with coupon rate of 13% and 13.25% in period of 2 to 5 years period and double the money option in 66 months under cumulative options.

For Application form – mail at : Jain broker@yahoo.in

Issue Details

• Name of the Issue: Muthoot Finance NCD-Series II
• Issue Open: December 22, 2011
• Issue Closes: January 07, 2011
• Issue size: Rs, 300 Crore + Rs 300 Crore under Green Shoe Option
• Period of Holding: 2, 3 and 5 years
• Interest Rates
• Annual Option: 13%, 13.25% and 13.25% under 2, 3 and 5 years respectively
• Cumulative Option: Double in 5 yrs and 6 months.
• Minimum Investment: Rs 5,000/- and in multiple of Rs 1,000/- thereafter
• Issue Format: Compulsary in dematerialized form

Muthoot Finance NCD – Series II
Option	I	II	III	IV
Frequency of interest payments	Annual	Annual	Annual	N.A.
Minimum Application	Rs 5000 (5 NCD) ( for all options of NCDs, namely Option I, Option II, Option III and Option IV either taken individually or collectively )
Face value of NCDs	Rs. 1000	Rs. 1000	Rs. 1000	Rs. 1000
Issue Price of NCDs	Rs. 1000 at par	Rs. 1000 at par	Rs. 1000 at par	Rs. 1000 at par
Coupon Rate (%) for NCD	13.00%	13.25%	13.25%	N.A.
Effective  Yield per annum	13.00%	13.25%	13.25%	13.43%
Tenore (from the date of allotment)	24 months	36 months	60 months	66 months
Redemption amount of NCD	Face value and any interest accrued on redemption date			Rs. 2000
Nature of Indebtedness	Pari passu with other secured creditors and priority over unsecured creditors
Credit Ratings	CRISIL AA-/Stable’ by CRISIL upto 600 Crore and                                                            ‘[ICRA]AA-/Stable by ICRA upto 600 Crore
Security	First pari passu charge on the identified immovable property and a first pari passu charge on current assets, book debts, loans and advances, and receivables including gold loan receivables, both present and future.
Debenture Trustee	IDBI Trusteeship Services Limited