Manappuram Asset Finance Limited
, a Non-Banking Financial Company (NBFC) company, has floated Debenture,
having ISIN value as INE034907639, with a face value of ₹1,000 rs on 27Jul20 to raise 0.63 crores. The debt instrument
is issued with a coupon rate of 11.48% 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 11.48% SECURED UNRATED TAXABLE REDEEMABLE NON CONVERTIBLE DEBENTURES. SERIES - MAAFIN JULY 2020 DOUBLING. DATE OF MATURITY 27/01/2027. This instrument is issued in Private Placement mode. It has Compounding coupon type
with Full Redemption option. The Bond is Not listed on any stock exchange. This debt instrument is Unrated. This issuer is formerly known as LFC HIRE PURCHASE COMPANY LTD, LFC HIRE PURCHASE COMPANY PRIVATE LTD Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.