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Instrument Details

ISIN: INE414G07EA1

Face value

₹1,000

Coupon rate

0%

Payment

Never

Tax Type

Taxable

Issue Size (Cr)

38.0202

Instrument Type

Debenture

Returns

Linked to Markets

Date of Issue

01 Nov 2019

Maturity Date

01 Jan 2023

Perpetual

Yes

Listing Status

Listed

Rating status

AA+ (CRISIL Ratings)

Call Option

Not Available

Put Option

Not Available

Security with Collaterals

Secured

Asset Coverage

Principal

Seniority in Repayment

None

Guarantee Type

Non Convertible

About this Bond

MUTHOOT FINANCE LIMITED SR XXI OPT VIII NCD 01JN23 FVRS1000
Muthoot Finance Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE414G07EA1, with a face value of ₹1,000 rs on 01Nov19 to raise 38.0202 crores. The debt instrument is issued with a coupon rate of 0% and its interest is paid Never. 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 ZERO COUPON SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURES. SERIES XXI- OPTION VIII. DATE OF MATURITY  01/01/2023. This instrument is issued in Public Issue mode. It has Simple coupon type with Full Redemption option. The Debenture is listed on BSE stock exchange on 05Nov19. CRISIL RATINGS LIMITED has given AA+ rating to this Debenture on 03Sep19. This issuer is formerly known as MUTHOOT 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
AA
High Safety
AA+
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Date Verified
08 Feb 2022
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Outlook
Stable
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Seniority in Repayment
None
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Security
Secured

Summary

Instrument Attributes

Value

Coupon Rate

0%

Returns

Linked to Markets

Bond Rating

AA+

Seniority in Repayment

None

Instrument Category

Non Convertible

About the issuer

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

FAQs about INE414G07EA1 issued by Muthoot Finance Limited

The instrument name of INE414G07EA1 ISIN is MUTHOOT FINANCE LIMITED SR XXI OPT VIII NCD 01JN23 FVRS1000.
Never, as INE414G07EA1 bond issued by Muthoot Finance Limited is a Zero-coupon bond.
This INE414G07EA1 bond issued by Muthoot Finance Limited has been assigned a credit rating of AA+ by CRISIL RATINGS LIMITED, directly indicating the issuer's creditworthiness and the probability of default.
The coupon rate of INE414G07EA1 bond issued by Muthoot Finance Limited is 0%.
The INE414G07EA1 Debenture is issued by Muthoot Finance Limited, a Private Sector company.
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