Instrument Details

ISIN: INE414G07EX3

Face value

₹10,00,000

Coupon rate

8.40%

Payment

Annually

Tax Type

Taxable

Issue Size (Cr)

700

Instrument Type

Debenture

Returns

High

Date of Issue

15 Jul 2020

Maturity Date

15 Jul 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 12A OP I 8.40 NCD 15JL23 FVRS10LAC
Muthoot Finance Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE414G07EX3, with a face value of ₹10,00,000 rs on 15Jul20 to raise 700 crores. The debt instrument is issued with a coupon rate of 8.40% 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 8.40% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURES. SERIES 12A OPTION I. DATE OF MATURITY 15/07/2023. 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 03Aug20. CRISIL RATINGS LIMITED has given AA+ rating to this Debenture on 26Jun20. 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
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
15-Jul-20 : Your investment
₹84,00,000
15-Jul-21 : Interest
₹84,00,000
15-Jul-22 : Interest
₹84,00,000
15-Jul-23 : Interest
₹12,52,00,000
15-Jul-23 : Maturity amount (Investment: ₹10,00,00,000, Interest earned: ₹2,52,00,000)

Summary

Instrument Attributes

Value

Coupon Rate

8.40%

Returns

High

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 INE414G07EX3 issued by Muthoot Finance Limited

The instrument name of INE414G07EX3 ISIN is MUTHOOT FINANCE LIMITED SR 12A OP I 8.40 NCD 15JL23 FVRS10LAC.
The interest earned from INE414G07EX3 bond issued by Muthoot Finance Limited is paid Annually, ensuring regular and consistent income for investors.
This INE414G07EX3 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.
This Debenture offers a coupon rate of 8.4%, which determines the periodic interest payments made to bondholders.
The INE414G07EX3 Debenture is issued by Muthoot Finance Limited, a Private Sector company.