MUTHOOT Finance on Monday said it has filed a draft prospectus with the BSE for a public issue of secured non-convertible debentures (NCDs) of face value of Rs 1,000 each.
The company plans to issue NCDs aggregating up to Rs 250 crore with an option to retain oversubscription up to Rs 250 crore for issue of additional NCDs, aggregating to a total of up to Rs 500 crore.
The issue is expected to be launched in the February-March, a company statement said.
ICICI Securities, HDFC Bank, JM Financial Consultants, Karvy Investor Services, RR Investors Capital Services and YES Bank are the lead managers to the issue.
IDBI Trusteeship Services will act as the debenture trustee for the issue.
The issue is rated by Crisil and Icra with AA-stable rating. Earlier in the months of August, 2011 and January, 2012, company raised Rs 693 crore and Rs 459 crore, respectively, through similar issues, the release said.
"The objective of the issue is to diversify the resource profile of the company as well as to seek wider participation from retail investors. We expect the issue to provide an attractive investment option to retail investors, HNIs, companies and institutions," George Alexander Muthoot, managing director, Muthoot Finance said.
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