Kochi, Sept. 7 -- Muthoottu Mini Financiers Ltd, a leading non-banking financial company, said its 20th Public Issue of Secured, Redeemable, Non-Convertible Debentures (NCDs) has been oversubscribed 2.04 times, reflecting strong investor demand.
The issue, which opened on August 18 with a base size of Rs 200 crore and a green-shoe option of Rs 100 crore, aggregating to Rs 300 crore, closed well before schedule following robust subscription across investor categories.
Carrying coupon rates between 9.00 per cent and 10.50 per cent per annum for tenures of 18 to 60 months, the NCDs offered the highest return of 10.50 per cent under the 60-month Annual Interest Payment Scheme. Rated "A (Stable)" by ICRA, the issue indicates adequate safety an...