Jun 4, 2011

Muthoot Fincorp Ltd- Private Placement of Unlisted Secured NCD June 2011

Gold LoanMuthoot Fincorp Limited ('the Company') has come up with a Private Placement of Unlisted Secured Non-Convertible Redeemable Debenture ('NCDs') for cash with a Face Value of Rs.1,00,000 each, aggregating to Rs 25 Crores with a Greenshoe option of  Rs 10 Crores.

Issuer
Muthoot Fincorp Ltd
Issue Size
Up to Rs. 25crores with a green-shoe option of RS. 10 crore
Instrument
Secured Non Convertible Redeemable Debentures ('NCD' / 'Debentures')
Issuance Form
In Dematerialized Form
Credit Rating
A+' by Crisil Ltd
Security
First pari passu charge on receivables of the company with a minimum asset cover ratio of 1.10times to be maintained during the entire tenure of the NCD
Face Value / Issue Price per NCD
Debentures shall have face balue of Rs. 10,000/- each
Minimum Application
Initial 10 debenture of face value Rs. 10,000 each and multiple of 1 debenture thereafter
Tenure
2 Years
Put & Call Option
Nil
Redemption / Maturity Date
2 years from the date of allotment
Coupon Rate
11.75%pa
Interest Payment
Annual, subject to deduction of tax at source
Trustee
IL & FS Trust Company Ltd.
Depository
NSDL / CDSL
Interest on application money
At the respective coupon rate on each "Debenture" (subject to deduction of tax at source, as applicable) from the date of realization of cheque(s) / demand draft(s) up to one day prior to the deemed date of allotment.
Issue Schedule
Issue opens on: 30th May, 2011
Issue Closees on 29th June, 2011
Thee issuer would have the right to pre close the issue or extend the closing date by giving 1 day notice to the arranger
Deemed date of Allotment
10 working days from the Issue closure date

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