6.95% Manappuram Finance Limited - AA Rated (INE522D07BY4)

Manappuram Finance Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE522D07BY4, with a face value of ₹10,00,000 rs on 30Dec21 to raise 500 crores. The debt instrument is issued with a coupon rate of 6.95% and its interest is paid 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 6.95% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURES.SERIES MAFIL PVT NCD -01/2021-22. DATE OF MATURITY 30/12/2024. This instrument is issued in Private Placement (EBP) mode. It has Simple coupon type with Full Redemption option. The Debenture is listed on BSE stock exchange on 31Dec21. CARE RATINGS LIMITED has given AA rating to this Debenture on 30Dec21. 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.