Security Name: 8.00% Muthoot Finance Limited 04 Oct 2028
ISIN:
INE414G07IO3
Taxable
Tax Category
04 Oct, 2028
Maturity Date
(3 Yr 9 Mo 11 D to mature)
Yearly
Interest Payment Frequency
Yes
NRI Eligibility
04 Oct, 2023
Allotment Date
NA
Put Date
04 Oct, 2025
Next Interest Payment Date
15 days
Shut Period
Both
Active on NSDL/CDSL
Non-Guaranteed
Type of Guarantee
No
Perpetual
IPO
Mode of Issue
Listed
Listing Details
Non Public Sector Undertaking
Type of Issuer
Quote Not Available
Dirty Price
8%
Coupon
Fixed Interest
Coupon Basis
NaN%
Current Yield
YOUR EARNING
Your Investment
Final Payout
₹0
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*All Interest Payments will be subject to TDS (Not Applicable on Government Securities and Tax Free Bonds)
YOUR RISK
Repayment Priority
Higher the level, higher the priority of investment repayment on default
Security with Collateral?
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ISSUER
Muthoot Finance Limited
Muthoot Finance Limited (MFL) is the flagship company of the Kerala-based business house, The Muthoot Group, which has diversified operations in financial services, healthcare, education and hospitality. MFL was incorporated in 1997 and is India’s largest gold loan focussed NBFC. The company derives a major portion of its business from South India, where gold loans have traditionally been accepted as a means of availing short-term credit, although it has increased its presence beyond South India over the last few years.
The ratio in FY24 is 5.78x and it was 5.89x in FY23, indicating slight decrease in debt levels due to increase in profitability of the issuer in FY24.
Debt/EBITDA
The ratio in FY24 is 2.17x and it was 2.26x in FY23, indicating slight decrease in debt servicing ability of the issuer due to increase in the finance cost.
Interest coverage ratio
Recent News
Muthoot Finance posts 14% growth in net profit at ₹984 cr in Q2FY24
Mar 26, 2024 | Muthoot Finance Limited
Muthoot Finance Asset Quality, Recovery Excellent For Gold Loans
Mar 26, 2024 | Muthoot Finance Limited
Muthoot Finance raises $400 million through external commercial borrowings
Oct 23, 2024 | Muthoot Finance Limited
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STEPS TO BUY THIS BOND
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Aadhaar Card
Demat Account Proof
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To know more about the Bond and the issuer, download the Information Memorandum.
To read about the reasons for the ratings assigned to the Bond, download the Rating Rationale.
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BOND VALUE DETAILS
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Total Investment
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| Disclaimer: The actual dates and interest amounts can vary depending on Bank closures, holidays etc. Tax Deducted at Source (TDS) is applicable on interest receivable based on relevant tax regulations. You can avail TDS credit while filing your Income Tax Return (ITR). |
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| Security Name |
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| 8.00% Muthoot Finance Limited 04 Oct 2028 |
| Credit Rating |
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| AA + /Stable by ICRA |
| Coupon Frequency |
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| Yearly |
| Face Value |
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| ₹1,000 |
| Coupon |
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| 8.000000% |
| YTM or YTC |
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| YTM |
| Maturity Date |
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| 04/10/2028 |
| Security |
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| Senior Secured |
| No. of Bonds |
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| 1 |
| Settlement Date |
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| ₹NaN |
| Accrued Interest |
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| ₹0 |
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Quote Not Available for purchase
Disclaimer: Investments in Debt Securities/ Municipal Debt Securities/ Securitised Debt Instruments are subject to risks including delay and/ or default in payment. Read all the Offer Related documents carefully.
Source: Issuer website, Rating Rationale, Issuer Annual Report, Information Memorandum and News from Google.
