9.50% Muthoot Vehicle & Asset Finance Limited - A Rated (INE00XE07101)

Muthoot Vehicle & Asset Finance Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE00XE07101, with a face value of ₹1,000 rs on 17Mar20 to raise 25.6104 crores. The debt instrument is issued with a coupon rate of 9.50% 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 9.50% SECURED RATED LISTED REDEEMABLE NON-CONVERTIBLE DEBENTURE. OPTION II. DATE OF MATURITY 17/05/2023. 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 19Mar20. CRISIL RATINGS LIMITED has given A rating to this Debenture on 17Jan20. This issuer is formerly known as MUTHOOT LEASING AND FINANCE LIMITED Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.