Muthoot Finance Limited NCD- Jan 2017

(Secured & Unsecured Non-convertible Debentures)

 Muthoot Finance NCD Jan 2017

Muthoot Finance Limited Public issue of Secured NCDs for an amount up to Rs. 13,000 million and Unsecured NCDs for an amount up to Rs.1,000 million of face value of Rs. 1,000 each, for an amount aggregating up to Rs. 14,000 million (“Shelf Limit”), hereinafter referred to as the “Issue”.  The Unsecured NCDs will be in the nature of Subordinated Debt and will be eligible for Tier II Capital.

MUTHOOT FINANCE NCD ISSUE:-

Issue Size: Base Issue of Rs. 2,000 Million, with an option to retain over subscription up to Shelf Limit, i.e. up to Rs. 14,000 Million.

Issuer: Muthoot Finance Limited

Issue opens: Tuesday, January 17, 2017

Issue closes: Friday, February 17, 2017

Allotment: First Come First Serve Basis

Face Value: Rs. 1000 per NCD

Issue Price: Rs. 1000 per NCD

Nature of Instrument: Secured & Unsecured Non-convertible Debentures

Minimum Application: 10,000 (10 NCD’s) and in multiple of ₹ 1,000 (1 NCD) thereafter across all Series

Listing: BSE & NSE

Rating: “[ICRA] AA(Stable)” by ICRA “CRISIL AA/Stable” by CRISIL

SPECIFIC TERMS FOR EACH SERIES OF NCDs

Series I II III IV V VI VII VIII IX X XI
Frequency of Interest Payment Monthly* Monthly* Monthly* Annually** Annually** Annually** NA NA NA NA NA
Minimum Application Rs. 10,000 (10 NCDs)
Face Value/Issue Price Rs. 1,000
In Multiples of (Rs.) Rs. 10,000 (10 NCDs)
Tenor from Deemed Date of Allotment 24 months 36 months 60 months 24 months 36 months 60 months 400 days 18 months 24 months 36 months 96 months
Effective Yield (per annum) Category I 8.50% 8.75% 8.75% 8.75% 9.00% 9.00% 8.00% 8.25% 8.50% 8.75% 8.91%
Effective Yield (per annum) Category II & III 8.75% 9.00% 9.00% 9.00% 9.25% 9.25% 8.25% 8.50% 8.75% 9.00% 9.06%
Mode of Interest Payment Through various options available
Amount (Rs./ NCD) on Maturity for Category I 1,000 1,000 1,000 1,000 1,000 1,000 1,088.28 1,127.15 1,177.23 1,286.14 1,978.71
Amount (Rs./NCD) on Maturity for Category II & Category III 1,000 1,000 1,000 1,000 1,000 1,000 1,091.06 1,131.11 1,182.66 1,295.03 2,000.00
Maturity  Date (from Deemed Date of Allotment) 24 months 36 months 60 months 24 months 36 months 60 months 400 days 18 months 24 months 36 months 96 Months
Nature of indebtedness Secured and non-convertible Unsecured and non- convertible

Bidding Status

At 05.00 PM as on 17 Jan 2017

MFL Jan 2017
CATEGORY BSE ISSUE DETAILS
Allocation % Start Date End Date*
17.01.17 17.02.17
Allocation (Cr)  Total Bidding (Cr)  No of times subscribed  % Sub
QIB 20%             280.00            50.000 0.18 17.86
CORPORATE 10%             140.00            39.790 0.28 28.42
HNI + Retail 70%             980.00       1,458.869 1.49 148.86
Total 100%     1,400.00     1,548.659 1.11 110.62

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For more details call us on: 011-42445800/9650901058

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