The proposed issue is the 28th secured NCD comprising base issue size of Rs 75 crore with an option to retain over subscription of up to Rs 225 crore. The minimum bid quantity is Rs 10,000 (10 NCDs) across all series and in multiples of Rs 1,000 thereafter. The NCDs will be listed on BSE.

At least 75% of the funds raised through this issue will be used for the purpose of lending and the balance is proposed to be utilized for general corporate purposes.

The proposed NCDs have been rated as AA+ (Stable) by ICRA denoting 'high degree of safety regarding timely servicing of financial obligations.'

The issue comes with seven investment options with 'monthly' or 'annual' interest payment frequency or 'on maturity redemption' payments with coupons ranging from 7.50% to 8% per annum.

Muthoot Finance is the largest gold loan NBFC in India in terms of loan portfolio. It provides personal loans and business loans secured by gold jewelry, or gold loans, primarily to individuals who possess gold jewelry but are not able to access formal credit within a reasonable time, or to whom credit may not be available at all, to meet unanticipated or other short-term liquidity requirements.

The company's gold loan portfolio as of 30 June 2022 comprised approximately 8.09 million loan accounts in India that we serviced through 4,617 branches across 22 states, the national capital territory of Delhi and six union territories in India.