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Secured NCD Muthoot Finance Limited
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| “Muthoot Finance Limited.” has come out with a Public Issue of Secured NCD of face value Rs 1000 each, offering an attractive yield ranging from 11.50% to 12.40% depending upon the series applied for. |
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CLICK HERE… To download the e-application form |
TERM SHEET |
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| The Offer Details are as follows: |
| Issue Opens on |
17th September,2012 |
| Issue Closes on |
5th October,2012 (with an option for early closure or extension) |
| NCDs are allotted on first cum first serve basis |
| Issue Size |
Public issue of NCDs aggregating upto Rs. 250 Crores with an option to retain over-subscription upto Rs. 250 Crores for issuance of additional NCDs, aggregating to a total of upto Rs. 500 Crores. |
| Listing on |
BSE & NSE |
| Issuance and Trading |
The NCDs will be issued in both physical and dematerialised form. However, the NCDs will be traded compulsorily in dematerialised form. However, NCDs under Option V will be compulsorily allotted in dematerialised form. |
| Lead Managers to the Public Issue |
A.K Capital Services Ltd, Axis Bank Limited, JM Financial Institutional Securities Private Limited, Kotak Mahindra Capital Company Limited & Religare Capital Markets Limited |
| Interest on Application Money |
@ 11.50 % per annum on application money on the amount allotted, subject to deduction of income tax under the provisions of the IT Act. |
| Interest on Application Money which is liable to be refunded |
@ 6% per annum on application money which is liable to be refunded to the Applicants in accordance with the provisions of the SEBI Debt Regulations and/or the Companies Act. |
| Credit Rating |
“ICRA AA-/stable“ by ICRA & “CRISIL AA-/Stable” by CRISIL |
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| Terms of the Issue |
| Series |
I |
II |
III |
IV |
V |
Frequency
of Interest Payment |
Annual |
Annual |
Monthly |
Annual |
N.A |
| In Multiples of |
Rs. 1,000 (1 NCD) |
Rs. 1,000 (1 NCD) |
Rs. 1,000 (1 NCD) |
Rs. 1,000 (1 NCD) |
Rs. 1,000 (1 NCD) |
| Minimum Application |
Rs.10,000 (10 NCDs) (for all options of NCDs, namely Options I, Option II, Option III, Option IV and OptionV either taken individually or collectively) |
| Face Value of NCDs (Rs. / NCD) |
Rs. 1,000 |
Rs. 1,000 |
Rs. 1,000 |
Rs. 1,000 |
Rs. 1,000 |
| Coupon Rate (%)
for NCD Holders in Category I, Category II and Category III
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11.50% |
11.75% |
11.75% |
12% |
N.A. |
| Effective yield (per annum) for NCD Holders in Category I, Category II and Category III |
11.50% |
11.75% |
12.40% |
12% |
12.25% |
| Tenor
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24 months |
36 months |
60 months |
60 months |
72 months |
| Redemption Amount (Rs./NCD) |
Repayment of the face value plus any interest that may have accrued at the redemption date. |
Repayment of the face value plus any interest that may have accrued at the redemption date. |
Repayment of the face value plus any interest that may have accrued at the redemption date. |
Repayment of the face value plus any interest that may have accrued at the redemption date. |
Rs. 2,000.00 |
| Redemption Date |
24 months from the Deemed Date of Allotment. |
36 months from the Deemed Date of Allotment. |
60 months from the Deemed Date of Allotment. |
60 months from the Deemed Date of Allotment. |
72 months from the Deemed Date of Allotment. |
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Source: Prospectus dated September 09, 2012 |
| Contact Details |
| For more information, please call 022-40936076 or email us at mf@sushilfinance.com |
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