Muthoot Finance NCD Issue – Sep 2012
Muthoot Finance NCD Details & Review
NCDs are flavour of this year. After Shriram City Union Finance NCD opening on 12-Sep-2012, another NBFC - Muthoot Finance has hit the market with public issue of secured NCDs offering upto 12.25% p.a. interest. The issue will open on 17-Sep-2012.
Company
Muthoot Finance Limited is the largest gold financing company in India in terms of loan portfolio. The company provides personal and business loans secured by gold jewellery, or gold loans, primarily to individuals who possess gold jewellery but could not access formal credit within a reasonable time, or to whom credit may not be available at all, to meet unanticipated or other short-term liquidity requirements.
As of June 30, 2012, the Company has branch network of 3,780 branches. The Company’s...