Muthoot Fincorp, the flagship company of the Muthoot Pappachan Group, announced the opening of its second public issue of secured, redeemable non-convertible debentures (NCD) of face value of Rs 1,000 each, aggregating up to Rs 1.50 billion, with the option to retain oversubscription up to Rs 1.50 billion, thus aggregating to a total issue size of up to Rs 3 billion.

The NCDs offer investors an opportunity to lock in at an attractive interest rate of between 10.25% to 12.25% p.a. depending on the monthly, annual and maturity options, chosen by the investors. The NCD offers eleven investment options to investors with an effective yield of up to 12.25%.

The face value of each NCD is Rs 1,000 and the minimum investment amount per application for all options of NCDs is Rs 10,000. The NCDs are issued in both Physical and demat formats, with no TDS applicable for NCD investments in demat format. The funds raised through this Issue will be utilised by the company for building up of loan portfolio.