10.50% Manappuram Asset Finance Limited (INE034907662)

Manappuram Asset Finance Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE034907662, with a face value of ₹1,000 rs on 21Oct20 to raise 1.85 crores. The debt instrument is issued with a coupon rate of 10.50% and its interest is paid on Maturity. 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 10.5% SECURED UNRATED TAXABLE REDEEMABLE NON CONVERTIBLE DEBENTURES.SERIES - MAAFIN OCTOBER 2020 CUMULATIVE . DATE OF MATURITY 21/10/2027. This instrument is issued in Private Placement mode. It has Compounding 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.