Bond Directory / MUTHOOTTU MINI FINANCIERS LTD

MUTHOOTTU MINI FINANCIERS LTD

DELETED

9.25% SECURED RATED LISTED REDEEMABLE NON-CONVERTIBLE DEBENTURES. SERIES I. DATE OF MATURITY 17/08/2020

ISIN

INE101Q07359

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Essentials

Coupon Rate (Returns)

9.25%

Rating

BBB  INDIA RATING AND RESEARCH PVT. LTD

Interest Payment Frequency

MONTHLY

Twelve Times A Year

Maturity after

-3 years -10 months

Aug 17, 2020

Face Value

₹1,000

Coupon Type

Simple

Can be returned to Issuer?

No

Put option exercised at

Data Not Available

Issue Details

Issue Size

22.54 Crores

Issue Price

₹993

Security class

Debentures

Listing details

BSE

Debenture Trustee

Vistra ITCL (India) Limited

Issue

Public Issue

Issuer Details

MUTHOOTTU MINI FINANCIERS LTD

Business Sector

165

Issuer Nature type

NBFC

Issuer Ownership

Non PSU

Factors

*Rating Agency -INDIA RATING AND RESEARCH PVT. LTD

Issue Size

Medium

Rating Category*

BBB

Tax Saving

No

Mode of Issuance

Public Issue

Coupon Type

Simple

Factors

Issue Size

Medium

Rating Category*

BBB

Tax Saving

No

Mode of Issuance

Public Issue

Coupon Type

Simple

*Rating Agency - INDIA RATING AND RESEARCH PVT. LTD

Note: Pursuant to the provisions of Section 193 of the Income Tax Act, 1961, as amended, effective from 1st April 2023, TDS will be deducted at the rate of 10% (or such other rates as may be notified from time to time) on any interest payable on any security issued by a company other than securities issued by the Central Government or a State Government. The listing of products above: (a) should not be considered an advertisement, endorsement, or recommendation to invest. Please use your own discretion before you transact. (b) is in compliance with regulatory framework as applicable for Online Bond Platform Provider (c) at their given price or yield are subject to availability and market cut-off timings.

What is my risk?

Each bond is regularly evaluated by multiple reputed rating agencies

Credit Rating

Credit Rating

BBB

(Aug 14, 2018)

Instruments with this rating are considered to have moderate degree of safety regarding timely servicing of financial obligations. Such instruments carry moderate credit risk.

Credit Outlook

Stable

A Stable outlook indicates that the Rating is likely to remain unchanged

Rating Watch

Not Applicable

Not Applicable

Repayment Priority

Higher the level, higher the priority of investment repayment on default

None

Security with Collateral?

An investment secured with collateral helps

SECURED

UNSECURED

Type of Guarantee

Guarantee of investment by third-party if company defaults

GUARANTEED

NON GUARANTEED

PARTIAL GUARANTEED

What other details I need to know?

Other Important bond related information that can help you with decision making

How do I buy this bond?

You can follow the steps mentioned to complete your Purchase.

How do I buy this bond?

You can follow the steps mentioned to complete your Purchase.

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