Instrument Details

ISIN: INE939X07044

Face value

₹1,00,000

Coupon rate

12.60%

Payment

Monthly

Tax Type

Taxable

Issue Size (Cr)

20

Instrument Type

Debenture

Returns

High

Date of Issue

25 Mar 2021

Maturity Date

25 Mar 2023

Perpetual

Yes

Listing Status

Unlisted

Rating status

WITHDRAWN (CARE Ratings)

Call Option

Not Available

Put Option

Not Available

Security with Collaterals

Secured

Asset Coverage

-

Seniority in Repayment

None

Guarantee Type

Non Convertible

About this Bond

MANBA FINANCE LIMITED 12.60 NCD 25MR23 FVRS1LAC
Manba Finance Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE939X07044, with a face value of ₹1,00,000 rs on 25Mar21 to raise 20 crores. The debt instrument is issued with a coupon rate of 12.60% and its interest is paid Monthly. 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 12.60% SECURED RATED UNLISTED REDEEMABLE NON CONVERTIBLE DEBENTURES.DATE OF MATURITY 25/03/2023. This instrument is issued in Private Placement mode. It has Simple coupon type with Partial Redemption By Quantity option. The Bond is Not listed on any stock exchange. CARE RATINGS LIMITED has given WITHDRAWN rating to this Debenture on 25Mar21. This issuer is formerly known as MANBA FINANCE PRIVATE LIMITED 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
₹1,00,000
Lot Size
100
Minimum Investment
₹1,00,00,000

Cashflow

₹1,00,00,000
25-Mar-21 : Your investment
₹1,05,000
25-Apr-21 : Interest
₹1,05,000
25-May-21 : Interest
₹1,05,000
25-Jun-21 : Interest
₹1,05,000
25-Jul-21 : Interest
₹1,05,000
25-Aug-21 : Interest
₹1,05,000
25-Sep-21 : Interest
₹1,05,000
25-Oct-21 : Interest
₹1,05,000
25-Nov-21 : Interest
₹1,05,000
25-Dec-21 : Interest
₹1,05,000
25-Jan-22 : Interest
₹1,05,000
25-Feb-22 : Interest
₹1,05,000
25-Mar-22 : Interest
₹1,05,000
25-Apr-22 : Interest
₹1,05,000
25-May-22 : Interest
₹1,05,000
25-Jun-22 : Interest
₹1,05,000
25-Jul-22 : Interest
₹1,05,000
25-Aug-22 : Interest
₹1,05,000
25-Sep-22 : Interest
₹1,05,000
25-Oct-22 : Interest
₹1,05,000
25-Nov-22 : Interest
₹1,05,000
25-Dec-22 : Interest
₹1,05,000
25-Jan-23 : Interest
₹1,05,000
25-Feb-23 : Interest
₹1,05,000
25-Mar-23 : Interest
₹1,25,20,000
25-Mar-23 : Maturity amount (Investment: ₹1,00,00,000, Interest earned: ₹25,20,000)

Summary

Instrument Attributes

Value

Coupon Rate

12.60%

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
Mumbai
Sector name
SECTOR
Financial Services
Issuer ownership
ISSUER OWNERSHIP
Private Sector

FAQs about INE939X07044 issued by Manba Finance Limited

The instrument name of INE939X07044 ISIN is MANBA FINANCE LIMITED 12.60 NCD 25MR23 FVRS1LAC.
The interest earned from INE939X07044 bond issued by Manba Finance Limited is paid Monthly, ensuring regular and consistent income for investors.
This INE939X07044 bond issued by Manba 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 12.6%, which determines the periodic interest payments made to bondholders.
The INE939X07044 Debenture is issued by Manba Finance Limited, a Private Sector company.