{"id":11963,"date":"2021-01-18T06:42:07","date_gmt":"2021-01-18T06:42:07","guid":{"rendered":"https:\/\/keenitsolutions.com\/products\/wordpress\/reobiz\/?p=11963"},"modified":"2022-11-13T14:27:13","modified_gmt":"2022-11-13T14:27:13","slug":"muthoottu-minis-ncd-public-issue-open-effective-annualized-yield-up-to-10-47","status":"publish","type":"post","link":"https:\/\/www.muthoottumini.com\/ml\/muthoottu-minis-ncd-public-issue-open-effective-annualized-yield-up-to-10-47\/","title":{"rendered":"Muthoottu mini\u2019s NCD public issue open, effective annualized yield up to 10.47%*"},"content":{"rendered":"
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Muthoottu Mini Financiers Limited is an RBI registered non-deposit taking systemically important NBFC in the loan against gold financing sector, lending money against the pledge of household gold jewellery for over 2 decades<\/p>

\u00a0<\/p>

Issue of Secured & Unsecured NCDs of face value of Rs. 1,000 each<\/p>

The NCD Issue includes a Base Issue Size of Rs.125 crores with an option to retain oversubscription up to Rs.125 crores aggregating up to Rs.250 crores (\u201c15th NCD Issue\u201d)<\/p>

Secured NCD portion of up to Rs. 200 crores and Unsecured NCD portion up to Rs. 50 crores<\/p>

The 15th NCD Issue is rated as \u2018CARE BBB+\u2019: Stable (Triple B Plus: Stable) by CARE Ratings Limited<\/p>

The 15th NCD Issue offers effective annualized yield of up to 10.22% p.a. on redemption# for Secured NCDs and 10.41% p.a for Unsecured NCDs<\/p>

The 15th NCD Issue opened on August 18, 2021 and closes on September 09, 2021 (with an option of early closure)<\/p>

The NCDs are proposed to be listed on BSE Limited<\/p>

# For further details please refer Prospectus dated August 13, 2021.<\/p>

Mumbai\/Kochi, 20 August 2021: Incorporated in the year 1998, a systemically important non-deposit taking NBFC in the gold loan sector, Muthoottu Mini Financers Limited (\u201cMuthoottu Mini\u201d\/ \u2018MMFL\u2019), public issue of Secured and Unsecured Debentures (\u201cNCDs\u201d) of the face value of Rs. 1,000 each is now open.<\/p>

The 15th NCD Issue has a Base Issue Size of Rs. 125 crores, with an option to retain over-subscription up to Rs. 125 crores, aggregating up to a total of Rs. 250 crores. The NCD Issue offers various options for subscription of NCDs with coupon rates ranging from 8.75% – 10.00% p.a. The NCD Issue opened on August 18, 2021 and closes on September 09, 2021, with an option of early closure or extension.<\/p>

As on 31st March 2021, MMFL had 3,86,110 gold loan accounts, predominately from rural and semi urban areas, aggregating to Rs. 1,935.10 crores which accounted for 97.04% of its total loans and advances. The yield on its gold assets during the last three fiscals have increased from 19.17% in FY2019 to 19.57% as on FY2021. Its net Non-Performing Assets for FY2021 stood at 0.75%, which is lower from 1.39% reported in the FY2019.<\/p>

In addition to its gold loan business, it offers micro finance loan, depository participant, money transfer, insurance broking, PAN card related and travel agency services.<\/p>

The Company, erstwhile part of a family business enterprise that was founded by Ninan Mathai Muthoottu in 1887, is now spearheaded by Nizzy Mathew, Chairwoman & Whole-time Director and Mathew Muthoottu, Managing Director.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>","protected":false},"excerpt":{"rendered":"

Muthoottu Mini Financiers Limited is an RBI registered non-deposit taking systemically important NBFC in the loan against gold financing sector, lending money against the pledge of household gold jewellery for over 2 decades Issue of Secured & Unsecured NCDs of face value of Rs. 1,000 each The NCD Issue includes a Base Issue Size of…<\/p>","protected":false},"author":1,"featured_media":14747,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-11963","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/www.muthoottumini.com\/ml\/wp-json\/wp\/v2\/posts\/11963","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.muthoottumini.com\/ml\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.muthoottumini.com\/ml\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.muthoottumini.com\/ml\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.muthoottumini.com\/ml\/wp-json\/wp\/v2\/comments?post=11963"}],"version-history":[{"count":0,"href":"https:\/\/www.muthoottumini.com\/ml\/wp-json\/wp\/v2\/posts\/11963\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.muthoottumini.com\/ml\/wp-json\/wp\/v2\/media\/14747"}],"wp:attachment":[{"href":"https:\/\/www.muthoottumini.com\/ml\/wp-json\/wp\/v2\/media?parent=11963"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.muthoottumini.com\/ml\/wp-json\/wp\/v2\/categories?post=11963"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.muthoottumini.com\/ml\/wp-json\/wp\/v2\/tags?post=11963"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}