Gold loan finance company, Muthoot Finance’s nonconvertible debenture (NCD) issue opened today. The company plans to raise Rs 1000 crore through the public issue of debentures, said managing director George Alexander Muthoot.
The NCD which is allotted on a first-come-first-serve basis has three options available to the public, with an enticing coupon rate of 12.5% per annum for retail investors. “For institutional investors the two year coupon rate is 12% and for three and five years the coupon rate is 12.25%.....
Gold loan finance company, Muthoot Finance’s nonconvertible debenture (NCD) issue opened today. The company plans to raise Rs 1000 crore through the public issue of debentures, said managing director George Alexander Muthoot.
The NCD which is allotted on a first-come-first-serve basis has three options available to the public, with an enticing coupon rate of 12.5% per annum for retail investors. “For institutional investors the two year coupon rate is 12% and for three and five years the coupon rate is 12.25%.
The NCD which is allotted on a first-come-first-serve basis has three options available to the public, with an enticing coupon rate of 12.5% per annum for retail investors. “For institutional investors the two year coupon rate is 12% and for three and five years the coupon rate is 12.25%.....
Gold loan finance company, Muthoot Finance’s nonconvertible debenture (NCD) issue opened today. The company plans to raise Rs 1000 crore through the public issue of debentures, said managing director George Alexander Muthoot.
The NCD which is allotted on a first-come-first-serve basis has three options available to the public, with an enticing coupon rate of 12.5% per annum for retail investors. “For institutional investors the two year coupon rate is 12% and for three and five years the coupon rate is 12.25%.
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