Muthoot FinCorp Ltd aims to raise up to Rs. 360 crores through non convertible debentures with the sale opening from April 10 and ending on April 25
The NCD, or bonds, have a base issue of Rs. 100 crore and an option for additional subscription of Rs. 260 crore, the company said.
The issuance has a face value of Rs. 1000, and is spread across a tenure of 26, 38, 60, 72 and 94 months with an effective yield from 8.9% to 10%.
Customers can invest through the 3600+ branches of MFL or via our mobile app Muthoot FinCorp ONE upto Rs. 5 lakhs”, said Shaji Varghese, CEO, Muthoot FinCorp Ltd