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10.00% Muthoot Finance Limited - AA Rated (INE414G07EM6)
ActivePrivate SectorSecured
Instrument Details
ISIN: INE414G07EM6
Face value
₹1,000
Coupon rate
10.00%
Payment
Annually
Tax Type
Taxable
Issue Size (Cr)
54.3816
Instrument Type
Debenture
Returns
High
Date of Issue
27 Dec 2019
Maturity Date
27 Dec 2024
Perpetual
Yes
Listing Status
Listed
Rating status
AA+ (CRISIL Ratings)
Call Option
Not Available
Put Option
Not Available
Security with Collaterals
Secured
Asset Coverage
Principal
Seniority in Repayment
None
Guarantee Type
Non Convertible
About this Bond
MUTHOOT FINANCE LIMITED SR XXII OPTION VI 10.00 NCD 27DC24 FVRS1000
Muthoot Finance Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture,
having ISIN value as INE414G07EM6, with a face value of ₹1,000 rs on 27Dec19 to raise 54.3816 crores. The debt instrument
is issued with a coupon rate of 10.00% 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 10% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURES. SERIES XXII- OPTION VI. DATE OF MATURITY 27/12/2024.. This instrument is issued in Public Issue mode. It has Simple coupon type
with Full Redemption option. The Debenture is listed on BSE stock
exchange on 31Dec19. CRISIL RATINGS LIMITED has given AA+ rating to
this Debenture on 12Nov19. This issuer is formerly known as MUTHOOT FINANCE PRIVATE LIMITED Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.
Rating (Debt Quality)
Investment Calculation (Pre-Tax)
Below is an indicative cash-flow on investment, actual cash-flow may differ.
Face Value
₹1,000
Lot Size
100
Minimum Investment
₹1,00,000
Cashflow
₹1,00,000
27-Dec-19 : Your investment
₹10,000
27-Dec-20 : Interest
₹10,000
27-Dec-21 : Interest
₹10,000
27-Dec-22 : Interest
₹10,000
27-Dec-23 : Interest
₹10,000
27-Dec-24 : Interest
₹1,50,000
27-Dec-24 : Maturity amount (Investment: ₹1,00,000, Interest earned: ₹50,000)
Summary
Instrument Attributes
Value
Coupon Rate
10.00%
Returns
High
Bond Rating
AA+
Seniority in Repayment
None
Instrument Category
Non Convertible
Similar Bonds
About the issuer
BASIC INDUSTRY
Non-Banking Financial Company (NBFC)
HEAD OFFICE
Kochi
SECTOR
Financial Services
ISSUER OWNERSHIP
Private Sector
Other Bonds of Muthoot Finance Limited
FAQs about INE414G07EM6 issued by Muthoot Finance Limited
What is the instrument name of INE414G07EM6 ISIN?
The instrument name of INE414G07EM6 ISIN is MUTHOOT FINANCE LIMITED SR XXII OPTION VI 10.00 NCD 27DC24 FVRS1000.
How frequently is the interest paid on INE414G07EM6 bond issued by Muthoot Finance Limited?
The interest earned from INE414G07EM6 bond issued by Muthoot Finance Limited is paid Annually, ensuring regular and consistent income for investors.
What is the credit rating of the INE414G07EM6 bond issued by Muthoot Finance Limited?
This INE414G07EM6 bond issued by Muthoot Finance Limited has been assigned a credit rating of AA+ by CRISIL RATINGS LIMITED, directly indicating the issuer's creditworthiness and the probability of default.
What is the coupon rate of INE414G07EM6 bond issued by Muthoot Finance Limited?
This Debenture offers a coupon rate of 10%, which determines the periodic interest payments made to bondholders.
Who is the issuer of INE414G07EM6 Debenture?
The INE414G07EM6 Debenture is issued by Muthoot Finance Limited, a Private Sector company.
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Dezerv Investments Private Limited is a Portfolio Manager with SEBI Registration no. INP000007377 and an Investment Manager to Category - I AIF-VCF-Angel Fund with SEBI Registration no. IN/AIF1/22-23/1066.
Mutual Fund distribution services are offered through Dezerv Distribution Services Pvt Limited, a wholly owned subsidiary with AMFI Registration No.: ARN -248439. **Mutual fund investments are subject to market risks, read all scheme related documents carefully.** Terms and conditions of the website are applicable. Privacy policy of the website is applicable.
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