Muthoot Finance Offering 10% Interest on NCDs. Should You Invest?
Moneylife Digital Team 27 September 2019
Muthoot Finance plans to raise Rs1,000 crore from the public through the issue of secured non-convertible debentures (NCDs). Subscriptions to the tranche-3 issue of the NCD opened on 27 September 2019 and will end on 25 October 2019, or earlier, at the company’s discretion. The NCDs are offering a minimum coupon rate of 9.25%pa (per annum) and maximum 10%pa.
The issue is rated by...
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