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

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.