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Muthoot Finance to raise up to Rs 1,000 crore via NCDs
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loan focused non-bank lender Muthoot Finance on Tuesday said it will raise up to Rs 1,000 crore through a public issue of secured, redeemable non-convertible debentures. The fresh non-convertible debentures (NCDs), which is the 33rd public issue of the largest gold loan financier with over Rs 60,000 crore of loan outstanding, has a base issue size of Rs 100 crore with an option to retain oversubscription up to Rs 900 crore.
The issue opens on January 8 and closes on January 19 with an option to close on such earlier date or extended date as may be decided by the board, the Kochi-based company said in a statement.
The NCDs, which have been rated AA+ (stable) by Crisil and Icra, will be listed on the BSE post allotment.
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