Instrument Details

ISIN: INE522D07BJ5

Face value

₹10,00,000

Coupon rate

9.10%

Payment

Annually

Tax Type

Taxable

Issue Size (Cr)

500

Instrument Type

Debenture

Returns

High

Date of Issue

01 Jun 2020

Maturity Date

06 Jan 2023

Perpetual

Yes

Listing Status

Listed

Rating status

WITHDRAWN (CARE Ratings)

Call Option

Not Available

Put Option

Not Available

Security with Collaterals

Secured

Asset Coverage

Principal + Interest

Seniority in Repayment

None

Guarantee Type

Non Convertible

About this Bond

MANAPPURAM FINANCE LIMITED MAFIL 02/2020-21 9.10 NCD 01JU23 FVRS10LAC
Manappuram Finance Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE522D07BJ5, with a face value of ₹10,00,000 rs on 01Jun20 to raise 500 crores. The debt instrument is issued with a coupon rate of 9.10% 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 9.10% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURES. MAFIL PVT NCD 02/2020-21 . DATE OF MATURITY 01/06/2023. 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 11Jun20. CARE RATINGS LIMITED has given WITHDRAWN rating to this Debenture on 01Jan70. This issuer is formerly known as MANAPPURAM GENERAL FINANCE AND LEASING 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
Investment Calculation (Pre-Tax)

Below is an indicative cash-flow on investment, actual cash-flow may differ.

Face Value
₹10,00,000
Lot Size
100
Minimum Investment
₹10,00,00,000

Cashflow

₹10,00,00,000
01-Jun-20 : Your investment
₹91,00,000
01-Jun-21 : Interest
₹91,00,000
01-Jun-22 : Interest
₹54,60,000
06-Jan-23 : Interest
₹12,36,60,000
06-Jan-23 : Maturity amount (Investment: ₹10,00,00,000, Interest earned: ₹2,36,60,000)

Summary

Instrument Attributes

Value

Coupon Rate

9.10%

Returns

High

Bond Rating

WITHDRAWN

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 INE522D07BJ5 issued by Manappuram Finance Limited

The instrument name of INE522D07BJ5 ISIN is MANAPPURAM FINANCE LIMITED MAFIL 02/2020-21 9.10 NCD 01JU23 FVRS10LAC.
The interest earned from INE522D07BJ5 bond issued by Manappuram Finance Limited is paid Annually, ensuring regular and consistent income for investors.
This INE522D07BJ5 bond issued by Manappuram Finance Limited has been assigned a credit rating of WITHDRAWN by CARE RATINGS LIMITED, directly indicating the issuer's creditworthiness and the probability of default.
This Debenture offers a coupon rate of 9.1%, which determines the periodic interest payments made to bondholders.
The INE522D07BJ5 Debenture is issued by Manappuram Finance Limited, a Private Sector company.