Muthoottu Mini Financiers NCD 10.5%, 11.02% per annum.

Muthoottu Mini Financiers is coming up with NCD issue that would open for subscription from 3rd June, 2020. It is issuing secured NCD’s now. The interest rates are as high as 10.5% and yield is as high as 11.02% per annum. It is offering NCDs of 480 days, 24  months, 36 months, 50  months and 85 months tenure. 

NCD Issue start date: 3-June-2020


NCD Issue closes on: 26-June-2020


NCD’s are available in 7 different options.


The interest on these NCDs are payable monthly and at maturity depending on the NCD option chosen.


The face value of the NCD bond is Rs 1,000.


Minimum investment is for 10 bonds means, you need to invest for a minimum of Rs 10,000. Beyond this you can invest in multiples of 1 bond.


These NCD bonds would be listed on BSE. Hence, these are liquid investments.


Non-resident Indians (NRI’s) cannot invest in these NCD’s.
CARE has rated these NCDs as BBB-; Stable which indicate that instruments with this rating are considered to have a moderate degree of safety regarding timely servicing of financial obligations and carry a moderate credit risk.

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