10.25% Manappuram Home Finance Limited - AA Rated (INE360T07058)

Manappuram Home Finance Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE360T07058, with a face value of ₹1,000 rs on 04Nov19 to raise 200 crores. The debt instrument is issued with a coupon rate of 10.25% 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 10.25% SECURED LISTED RATED REDEEMABLE NON CONVERTIBLE DEBENTURES. LETTER OF ALLOTMENT. OPTION-IV. DATE OF MATURITY 02/11/2024. This instrument is issued in Public Issue mode. It has Compounding coupon type with Full Redemption option. The Debenture is listed on BSE stock exchange on 06Nov19. CARE RATINGS LIMITED has given AA- rating to this Debenture on 04Nov19. This issuer is formerly known as MANAPPURAM HOME FINANCE PRIVATE LIMITED, MILESTONE HOME FINANCE COMPANY PRIVATE LIMITED Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.