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9.80% Madura Micro Finance Limited - AA Rated (INE500S07119)
In-activePrivate SectorSecured
Instrument Details
ISIN: INE500S07119
Face value
₹1,00,000
Coupon rate
9.80%
Payment
Semi Annually
Tax Type
Taxable
Issue Size (Cr)
37.5
Instrument Type
Debenture
Returns
High
Date of Issue
23 Dec 2020
Maturity Date
23 Apr 2024
Perpetual
Yes
Listing Status
Unlisted
Rating status
AA- (ICRA Ratings)
Call Option
Not Available
Put Option
Not Available
Security with Collaterals
Secured
Asset Coverage
-
Seniority in Repayment
None
Guarantee Type
Non Convertible
About this Bond
MADURA MICRO FINANCE LIMITED 9.80 NCD 23AP24 FVRS1LAC
Madura Micro Finance Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture,
having ISIN value as INE500S07119, with a face value of ₹1,00,000 rs on 23Dec20 to raise 37.5 crores. The debt instrument
is issued with a coupon rate of 9.80% and its interest is paid
Semi Annually. The returns are Taxable and one has to pay the applicable tax on the returns from this investment.
As per the filings, the long description of this Secured
Debenture is 9.80% SECURED RATED UNLISTED TRANSFERABLE REDEEMABLE NON CONVERTIBLE DEBENTURES. DATE OF MATURITY 23/04/2024.. This instrument is issued in Private Placement mode. It has Simple coupon type
with Full Redemption option. The Bond is Not listed on any stock exchange. ICRA LIMITED has given AA- rating to
this Debenture on 28Mar23. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.
Rating (Debt Quality)
Investment Calculation (Pre-Tax)
Below is an indicative cash-flow on investment, actual cash-flow may differ.
Face Value
₹1,00,000
Lot Size
100
Minimum Investment
₹1,00,00,000
Cashflow
₹1,00,00,000
23-Dec-20 : Your investment
₹4,90,000
23-Jun-21 : Interest
₹4,90,000
23-Dec-21 : Interest
₹4,90,000
23-Jun-22 : Interest
₹4,90,000
23-Dec-22 : Interest
₹4,90,000
23-Jun-23 : Interest
₹4,90,000
23-Dec-23 : Interest
₹1,27,944
23-Apr-24 : Interest
₹1,30,67,944
23-Apr-24 : Maturity amount (Investment: ₹1,00,00,000, Interest earned: ₹30,67,944)
Summary
Instrument Attributes
Value
Coupon Rate
9.80%
Returns
High
Bond Rating
AA-
Seniority in Repayment
None
Instrument Category
Non Convertible
Similar Bonds
About the issuer
BASIC INDUSTRY
Non-Banking Financial Company (NBFC)
HEAD OFFICE
Chennai
SECTOR
Financial Services
ISSUER OWNERSHIP
Private Sector
Other Bonds of Madura Micro Finance Limited
FAQs about INE500S07119 issued by Madura Micro Finance Limited
What is the instrument name of INE500S07119 ISIN?
The instrument name of INE500S07119 ISIN is MADURA MICRO FINANCE LIMITED 9.80 NCD 23AP24 FVRS1LAC.
How frequently is the interest paid on INE500S07119 bond issued by Madura Micro Finance Limited?
The interest earned from INE500S07119 bond issued by Madura Micro Finance Limited is paid Semi Annually, ensuring regular and consistent income for investors.
What is the credit rating of the INE500S07119 bond issued by Madura Micro Finance Limited?
This INE500S07119 bond issued by Madura Micro Finance Limited has been assigned a credit rating of AA- by ICRA LIMITED, directly indicating the issuer's creditworthiness and the probability of default.
What is the coupon rate of INE500S07119 bond issued by Madura Micro Finance Limited?
This Debenture offers a coupon rate of 9.8%, which determines the periodic interest payments made to bondholders.
Who is the issuer of INE500S07119 Debenture?
The INE500S07119 Debenture is issued by Madura Micro Finance Limited, a Private Sector company.
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Dezerv Investments Private Limited is a Portfolio Manager with SEBI Registration no. INP000007377 and an Investment Manager to Category - I AIF-VCF-Angel Fund with SEBI Registration no. IN/AIF1/22-23/1066.
Mutual Fund distribution services are offered through Dezerv Distribution Services Pvt Limited, a wholly owned subsidiary with AMFI Registration No.: ARN -248439. **Mutual fund investments are subject to market risks, read all scheme related documents carefully.** Terms and conditions of the website are applicable. Privacy policy of the website is applicable.
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