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Nov 06, 2013, 07.02 PM IST | Source: Moneycontrol.com

Muthoot Finance files draft prospectus for NCD issue

Muthoot Finance has filed draft prospectus for a public issue of secured NCDs and unsecured NCDs aggregating upto Rs 1,500.00 million with an option to retain over-subscription upto Rs 1,500.00 million for issuance of additional Secured NCDs and Unsecured NCDs aggregating to a total of upto Rs 3,000.00 million.

Gold financing company Muthoot Finance has filed draft prospectus for a public issue of secured NCDs and unsecured NCDs aggregating upto Rs 150 crore with an option to retain over-subscription upto Rs 150 crore for issuance of additional secured NCDs and unsecured NCDs aggregating to a total of upto Rs 300 crore.

The face value of secured redeemable NCDs and unsecured redeemable NCDs has fixed at Rs 1000 per NCD with a minimum application of Rs 10,000.

The NCDs are proposed to be listed on the BSE.

The secured NCDs proposed to be issued under this issue have been rated as AA- by ICRA and CRISIL.

ICICI Securities Limited is the lead manager to the issue.

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