Muthoottu Mini Financiers Ltd NCD Period Starts From Jan 20 to Feb 12, 2020:
Muthoottu Mini Financiers Limited set up in 1998, in Kerala. The organization is a non-banking budgetary organization, and it included a gold credit area. At present, the organization presented a NCD, Muthoottu Mini Financiers Ltd NCD. This NCD membership period will begin on twentieth Jan and it will end on twelfth Feb 2020.
Muthoottu Mini Financiers Ltd NCD Details:
NCD period Jan 20 to Feb 12, 2020
Security Name Muthoottu Mini Financiers Ltd
Security Type Secured, Redeemable, Non-Convertible Debentures
NCD Size (Base) Rs 100 cr
NCD Size (Shelf) Rs 200 cr
Face value Rs 1000 for every NCD
NCD Price Rs 1000 for every NCD
Least Lot Size 10 NCD
Market Lot 1 NCD
Posting At BSE
Credit Rating CARE BBB-/Stable
Tenor 480 days; two years, 36, 50, 60, 70, 85 months
Series Series I to VII
Installment Frequency Monthly and Cumulative
The premise of Allotment First Come First Serve Basis
It is a made sure about, redeemable, and non-convertible Debentures security type NCD. The NCD base size is Rs 100 crore and also, the rack size is Rs 200 center. Additionally, the cost of the NCD and presumptive worth is Rs 1000 for each NCD. Likewise, the base part size and the market parcel are 10 NCD and 1 NCD individually.
Nizzy Mathew and Mathew Muttootu go about as an advertiser for this organization. It will list on Bombay Stock Exchange (BSE).
Coupon Rates:
Series Frequency Tenor Coupon Rate Amount on Maturity
I Monthly 480 days 9.40% Rs 1,000
II Monthly 24 months 9.75% Rs 1,000
III Monthly 36 months 10.00% Rs 1,000
IV Cumulative 50 months NA Rs 1,500
V Monthly 60 months 10.50% Rs 1,000
VI Cumulative 70 months NA Rs 1,750
VII Cumulative 85 months NA Rs 2,000
The objects of this NCD, it intends to use the raised sum for financing, discounting of interests for previously existing credits and general corporate reason. Besides, for this NCD, the CARE rating office gave BBB-/Stable FICO assessment.
Disclaimer: This article gives data about the plan. It doesn't offer any guidance or suggestion. If you don't mind counsel your money related consultant before contributing.
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