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Our Bureau The public issue of secured, redeemable, non-convertible debentures with face value of ₹1,000 each by Muthoottu Mini Financiers has opened on Monday.
The base issue size is ₹100 crore with an option to retain oversubscription up to ₹100 crore aggregating to a total issue size of up to ₹200 crore. The issue will close on April 16.
The interest rates of the NCD are 9.25 per cent for 480 days and 10 per cent for 60 months. The yield for a 60-month cumulative NCD will be 10.47 per cent. Applications for the NCDs can be made online through all the branches of Muthoottu Mini Financiers.
Application forms can also be downloaded from the BSE website and also from the website of Vivro Financial Services, the lead managers to the issue.
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