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Muthoottu Mini Financiers Ltd NCD Details

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.

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Muthoottu Mini Financiers Ltd NCD Details

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  1. Muthoottu Mini Financiers Ltd NCD Details 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 NameMuthoottu 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

  2. 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 Maturity Frequency Tenor Coupon Rate Amount on I Monthly 480 days 9.40% Rs 1,000 II Monthly 24 months 9.75% Rs 1,000 IIIMonthly 36 months 10.00% Rs 1,000 IV Cumulative50 months NA Rs 1,500 V Monthly 60 months 10.50% Rs 1,000 VI Cumulative70 months NA Rs 1,750

  3. VII Cumulative85 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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