10.50% Muthoottu Mini Financiers Ltd - A Rated (INE101Q07599)

Muthoottu Mini Financiers Ltd, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE101Q07599, with a face value of ₹1,000 rs on 18Feb20 to raise 27.2743 crores. The debt instrument is issued with a coupon rate of 10.50% and its interest is paid on Maturity. 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 10.50% SECURED SENIOR RATED LISTED NON-CONVERTIBLE REDEEMABLE DEBENTURES LETTER OF ALLOTMENT OPTION V. DATE OF MATURITY 17/02/2025.. 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 20Feb20. CARE RATINGS LIMITED has given A- rating to this Debenture on 18Feb20. This issuer is formerly known as MUTHOOTTU MINI FINANCIERS PRIVATE LIMITED Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.