9.25% Muthoottu Mini Financiers Ltd - A Rated (INE101Q07920)

Muthoottu Mini Financiers Ltd, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE101Q07920, with a face value of ₹1,000 rs on 03May21 to raise 13.4652 crores. The debt instrument is issued with a coupon rate of 9.25% 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 9.25% SECURED LISTED RATED REDEEMABLE NON CONVERTIBLE DEBENTURES. LETTER OF ALLOTMENT. SERIES-XIV-OPTION II. DATE OF MATURITY 02/05/2023.. This instrument is issued in Public Issue mode. It has Simple coupon type with Full Redemption option. The Bond is Not listed on any stock exchange. INDIA RATING AND RESEARCH PVT. LTD has given A- rating to this Debenture on 05Mar21. 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.