11% Manappuram Asset Finance Limited (INE034907563)

Manappuram Asset Finance Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE034907563, with a face value of ₹1,000 rs on 29Jun20 to raise 2.555 crores. The debt instrument is issued with a coupon rate of 11% and its interest is paid Monthly. 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 11.00% Secured, Not guaranteed, Senior, Taxable, Non Cumulative, Unrated, Redeemable, Non Convertible Debentures Series - MAAFIN JUNE 2 2020 MONTHLY. Date of Maturity 29/06/2027.. 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. This debt instrument is Unrated. This issuer is formerly known as LFC HIRE PURCHASE COMPANY LTD, LFC HIRE PURCHASE COMPANY PRIVATE LTD Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.