8.90% Muthoot Finance Limited - AA Rated (INE414G07EQ7)

Muthoot Finance Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE414G07EQ7, with a face value of ₹10,00,000 rs on 14May20 to raise 500 crores. The debt instrument is issued with a coupon rate of 8.90% 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 8.90% SECURED RATED LISTED SENIOR REDEEMABLE NON CONVERTIBLE DEBENTURES. SERIES 7A-OPTION I. DATE OF MATURITY 12/05/2023. This instrument is issued in Private Placement mode. It has Simple coupon type with Full Redemption option. The Debenture is listed on BSE stock exchange on 26May20. CRISIL RATINGS LIMITED has given AA+ rating to this Debenture on 28Apr20. 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.