Muthoot Fincorp Ltd. - Secured NCD @ 11.75%pa for 2 year tenure

Dear All,

Muthoot Fincorp Ltd. now offers 2 year maturity bond with a coupon rate of 11.75% pa.

Since the issue is only up to Rs. 25crores it will be a fast filling issue and should essentially be allocated on a first cum first serve basis. Application forms will be available from tomorrow and we recommend all investors looking to park money in Bank Fixed deposits to seriously consider applying to this issue. Details of the issue are as follows:

Issuer	Muthoot Fincorp Ltd
Issue Size	Up to Rs. 25crores with a greenshoe option of RS. 10 crore
Instrument	Secutred Non Convertible Redeemable Debentures ('NCD' / 'Debentures')
Issuance Form	In Dematerialized Form
Credit Rating	A+' by Crisil Ltd
Security	First pari passu charge on receivables of the company with a minimum asset cover ratio of 1.10times to be maintained during the entire tenure of the NCD
Face Value / Issue Price per NCD	Debentures shall have face balue of Rs. 10,000/- each
Minimum Application	Initial 10 debenture of face value Rs. 10,000 each and multiple of 1 debenture thereafter
Tenure	2 Years
Put & Call Option	Nil
Redemption / Maturity Date	2 years from the date of allotment
Coupon Rate	11.75%pa
Interest Payment	Annual, subject to deduction of tax at source
Trustee	IL & FS Trust Company Ltd.
Depository	NSDL / CDSL
Interest on application money	At the respective coupon rate on each "Debenture" (subject to deduction of tax at source, as applicable) from the date of realization of cheque(s) / demand draft(s) up to one day prior to the deemed date of allotment.
Issue Schedule	Issue opens on: 30th May, 2011 Issue Closees on 29th June, 2011 Thee issuer would have the right to pre close the issue or extend the closing date by giving 1 day notice to the arranger
Deemed date of Allotment	10 working days from the Issue closure date

For application forms get in touch with DENIP Consultants (www.denip.in) on (022)40156699/90/92/88 or drop us an email at dewang@denip.in / nimesh@denip.in

Thanks,

Dewang K Mehta
DENIP Consultants Private Limited