Manappuram Finance Ltd - Secured NCD
MANAPPURAM FINANCE LTD
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Manappuram Finance Ltd (MFL), is systemically important non-deposit taking NBFC, concentrated in Southern India, focusing on gold loans to individuals. | ||||||||
Terms of Issue | ||||||||
Issue opens : 18 August 2011 | Issue Closes on : 05 September 2011* |
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Options | I | II |
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Issue Size | Rs 750 Crores |
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Interest Payment | Annual | Semi-annually |
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Minimum Application | Rs.5,000/- | Rs.5,000/- |
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In Multiples of | Rs.1,000/- | Rs.1,000/- |
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Face Value (FV) of NCD (Rs./NCD) | Rs.1,000/- | Rs.1,000/- |
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Category of Investors | Institutional/ Non-Institutional | Individual Investor & HUF | Institutional/ Non-Institutional | Individual Investor & HUF |
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=<5 lakhs | >5 lakhs | =< 5 lakhs | > 5 lakhs |
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Coupon (%) p.a | NA | NA | NA | 12.00% | 12.20% | 12.00% |
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Effective Yield (%) | 12.00% | 12.00% | 12.00% | 12.34% | 12.56% | 12.34% |
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Who can apply | Resident Individual or HUF |
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Listing | BSE |
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Credit Rating | "AA- (stable)" by CARE and "AA-" by BRICKWORKS |
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Tenor | 400 Days from the Deemed Date of Allotment | 24 Months |
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Redemption Amount | Rs 1,132.55/- Per NCD | Repayment of the Face value + any interest that may have accrued. |
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Nature of Indebtedness | Pari Passu with other secured creditors and priority over unsecured creditors |
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*The Company has the option of closing the Issue on an earlier date, once it receives the amount it has targeted. |
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For Applicatio |
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