9.75% Muthoot Fincorp Limited - AA Rated (INE549K07642)

Muthoot Fincorp Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE549K07642, with a face value of ₹10,00,000 rs on 28May20 to raise 100 crores. The debt instrument is issued with a coupon rate of 9.75% and its interest is paid Semi 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 9.75% SECURED LISTED RATED REDEEMABLE NON CONVERTIBLE DEBENTURES. DATE OF MATURITY 28/05/2023. 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 10Jun20. CRISIL RATINGS LIMITED has given AA- rating to this Debenture on 20May20. This issuer is formerly known as MUTHOOT DEBT MANAGEMENT SERVICES LIMITED Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.