Muthoot Finance Re14 billion 9.25% NCD issue

Overview:

• Muthoot Finance, the largest gold financing company in India, has issued Re14 billion in non-convertible debentures (NCDs).
• Re13 billion of the issue is secured and Re10 billion is unsecured.
• The company will have the option to retain an oversubscription of Re14 billion, including the green shoe option of Re12 billion.

Wai Yee Tsang - Journalist