10.60% Manba Finance Limited - BBB Rated (INE939X07028)

Manba Finance Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE939X07028, with a face value of ₹10,00,000 rs on 07Aug20 to raise 10 crores. The debt instrument is issued with a coupon rate of 10.60% and its interest is paid Quarterly. 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 10.60% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURES. LETTER OF ALLOTMENT. DATE OF MATURITY 07/08/2023. This instrument is issued in Private Placement mode. It has Simple coupon type with Partial Redemption By Face Value option. The Debenture is listed on BSE stock exchange on 26Aug20. CARE Ratings Limited has given BBB+ rating to this Debenture on 07Aug20. This issuer is formerly known as MANBA FINANCE PRIVATE LIMITED Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.