10.50% Muthoottu Mini Financiers Ltd - A Rated (INE101Q07771)

Muthoottu Mini Financiers Ltd, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE101Q07771, with a face value of ₹1,000 rs on 30Sep20 to raise 30.8445 crores. The debt instrument is issued with a coupon rate of 10.50% 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 10.50% SECURED LISTED RATED REDEEMABLE NON CONVERTIBLE DEBENTURES. LETTER OF ALLOTMENT. SERIES-XI-OPTION VI. DATE OF MATURITY 29/09/2025.. 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 05Oct20. INDIA RATING AND RESEARCH PVT. LTD has given A- rating to this Debenture on 14Aug20. 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.