Manappuram Finance Limited - AA Rated (INE522D07BU2)

Manappuram Finance Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE522D07BU2, with a face value of ₹10,00,000 rs on 07Sep20 to raise 100 crores. The debt instrument is issued with a coupon rate of 10 YR GSEC INDEX LINKED 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 YEAR G-SEC LINKED SECURED RATED LISTED PRINCIPAL PROTECTED REDEEMABLE NON CONVERTIBLE DEBENTURES. SERIES MAFIL PVT PPMLD -03/2020-21. DATE OF MATURITY 07/03/2023. This instrument is issued in Private Placement mode. It has Simple coupon type with Full Redemption option. The Debenture is listed on BSE stock exchange on 16Sep20. CRISIL RATINGS LIMITED has given PP-MLD AA rating to this Debenture on 14Aug20. This issuer is formerly known as MANAPPURAM GENERAL FINANCE AND LEASING LTD. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.