Issue of secured non-convertible debentures (NCDs) on first-come-first-serve basis
| Issuer | Muthoot Finance Ltd | | Issue | Public issue of NCDs aggregating up to Rs300 crore with an option to retain over-subscription up to Rs300 crore. | | Issue opens | December 22, 2011 | | Issue closes | January 7, 2012 | | Stock exchange proposed for listing of the NCDs | BSE | | Issuance and trading | Compulsorily in dematerialised form | | Trading lot | 1 (one) NCD | | Depositories | NSDL and CDSL | | Rating | AA-/Stable by CRISIL and ICRA | | Pay-in date | 3 (Three) business days from the date of receipt of application or the date of realisation of the cheques/demand drafts, whichever is later. | | Deemed date of allotment | Shall be the date as decided by the duly authorised committee of the board constituted by resolution of the board dated July 25, 2011. | | Day count basis | Actual/Actual | | 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. | | Who can apply | Please refer to the terms and conditions. |
Specific terms of the issue
| Options | I | II | III | IV | | Frequency of interest payment | Annual | Annual | Annual | Cumulative | | Minimum application | Rs5,000 (5 NCDs; for all options of NCDs, namely Options I, Option II, Option III, and Option IV either taken individually or collectively) | | In multiples of (in Rs) | 1,000 (1 NCD) | 1,000 (1 NCD) | 1,000 (1 NCD) | 1,000 (1 NCD) | | Mode of interest payment | Through various options available | | Face value of NCDs (in Rs) | 1,000 | 1,000 | 1,000 | 1,000 | | Issue price (per NCD - in Rs) | 1,000 | 1,000 | 1,000 | 1,000 | | Coupon rate (%) for NCD | 13.00 | 13.25 | 13.25 | NA | | Effective yield (% per annum) | 13.00 | 13.25 | 13.25 | 13.43 | | Tenor (in months) | 24 | 36 | 60 | 66 | | Redemption date (in months from the deemed date of allotment) | 24 | 36 | 60 | 66 | | Redemption amount (in Rs; per NCD) | Repayment of the face value plus any interest that may have accrued on the redemption date. | 2000 |
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