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MANBA FINANCE LIMITED

Sector Focus Finance (NBFC)  |  Highest Credit Rating BBB+ (Stable) by CARE

MANBA FINANCE LIMITED

Sector Focus Finance (NBFC) Highest Credit Rating BBB+ (Stable) by CARE
  • Coupon
  • 11.7500 % p.a
  • Rating
  • BBB+ (Stable)
  • ISIN
  • INE939X07135
  • Maturity / Call Date
  • 26 Jun 2026

About the Issuer

Key Strengths

Credit Rating Agency
CARE Ratings Limited
Rating Outlook
BBB+ (Stable)
Date
as on July 25, 2023



Product Offerings include

1
EV TWO WHEELER LOAN
2
PRE OWNED CAR LOAN
3
TWO WHEELER LOAN
4
THREE WHEELER LOAN

Source: Annual Report & Information Memorandum of MANBA FINANCE LIMITED

Key Highlights of Term Sheet

Type of Instrument
Secured, Listed, Rated, Redeemable Non-Convertible Debentures
Seniority
Senior
Rating of the Instrument
“CARE BBB+/ Stable” by CARE Ratings Limited
Face Value & Issue Price
INR 1,00,000/- per Debenture
Coupon Rate
11.7500% per annum
Coupon Payment Frequency
Monthly and on final Redemption Date
Date of Allotment
June 26, 2024
Final Redemption Date
June 26, 2026
Redemption Amount
Bullet, At par
Mode of Issue
Private Placement
Listing
Listed on the WDM of the BSE Limited
Debenture Trustee
Vardhman Trusteeship Private Limited
Registrar & Transfer Agent
Link Intime India Private Limited

Disclaimer:

This document does not constitute an offer or recommendation to buy or sell any products or services. The recipients should not act and rely on the information/ data contained in this document for making any investment / any other decision. IndiaBonds does not explicitly or implicitly guarantee that information/ data contained herein is complete or accurate in all respects as of date hereof or that it will continue to be complete and accurate in future. IndiaBonds have taken selective data/extracts from the source document at its own discretion. IndiaBonds, Its directors, employees and representatives shall not be responsible to any person relying on this document in any manner.

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Note: The listed products and their price or yield are subject to availability and market cut-off times. Pursuant to the provisions of Section 193 of Income Tax Act, 1961, as amended, with effect from, 1st April 2023, TDS will be deducted @ 10% on any interest payable on any security issued by a company (i.e. securities other than securities issued by the Central Government or a State Government).