Instrument Details

ISIN: INE034907639

Face value

₹1,000

Coupon rate

11.48%

Payment

on Maturity

Tax Type

Taxable

Issue Size (Cr)

0.63

Instrument Type

Debenture

Returns

High

Date of Issue

27 Jul 2020

Maturity Date

27 Jan 2027

Perpetual

Yes

Listing Status

Unlisted

Rating status

Not Rated

Call Option

Available

Put Option

Available

Security with Collaterals

Secured

Asset Coverage

-

Seniority in Repayment

None

Guarantee Type

Non Convertible

About this Bond

MANAPPURAM ASSET FINANCE LIMITED SR JL2020 DOUB 11.48 NCD 27JN27 FVRS1000
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.

Rating (Debt Quality)

Instrument Rating
N/A
Not Rated
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Date Verified
N/A
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Outlook
N/A
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Seniority in Repayment
None
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Security
Secured

Summary

Instrument Attributes

Value

Coupon Rate

11.48%

Returns

High

Bond Rating

Unrated

Seniority in Repayment

None

Instrument Category

Non Convertible

About the issuer

Basic Industry
BASIC INDUSTRY
Non-Banking Financial Company (NBFC)
Head Office
HEAD OFFICE
Thrissur
Sector name
SECTOR
Financial Services
Issuer ownership
ISSUER OWNERSHIP
Private Sector

FAQs about INE034907639 issued by Manappuram Asset Finance Limited

The instrument name of INE034907639 ISIN is MANAPPURAM ASSET FINANCE LIMITED SR JL2020 DOUB 11.48 NCD 27JN27 FVRS1000.
The interest earned from the INE034907639 bond issued by Manappuram Asset Finance Limited is paid at the time of maturity
This INE034907639 bond issued by Manappuram Asset Finance Limited does not currently have an assigned credit rating
This Debenture offers a coupon rate of 11.48%, which determines the periodic interest payments made to bondholders.
The INE034907639 Debenture is issued by Manappuram Asset Finance Limited, a Private Sector company.