Saving-Ideas.com

Icon

Personal Finance Blog India –

Manappuram Finance NCD Issue March 2014 – To Open On March 05,2014


Manappuram Finance – issue of Secured Debentures March – 2014 : Manappuram finance – one of the leading Gold loan company will raise Rs.100 crore through this issue.

Imp Dates:

  1. Issue Open Date: March 05, 2014
  2. Issue Close Date:March 25, 2014

Credit Rating : A+ from ICRA.which indicates adequate safety.

Interest Rates:

Series Tenure Interest payment Frequency Yield per annum % Maturity value of Rs.1000
I 400 Days Cumulative 11% 1121.70
II 24 Months Monthly 12.13 1000
III 24 Months Annually 12 1000
IV 24 Months Cumulative 12 1254.40
V 36 Months Monthly 12.94 1000
VI 36 Months Annually 12.50 1000
VII 36 Months Cumulative 12.50 1424.30
VIII 60 Months Monthly 12.13 1000
IX 60 Months Annually 12 1000
X 60 Months Cumulative 12 1762.30
XI 70 Months Cumulative 12.61 2000

One can view that this NCD issue offers different investment options – cumulative,annual interest payment and monthly interest payment option.For annual and monthly interest payment option,interest will paid out periodically and maturity value will be principle amount while for cumulative mode,interest and principle to be paid at maturity.

Security :Issue secured by mortgage over immovable property of company and receivables of the company.

Overall , interest rate offered is good but higher returns comes with commensurate credit risk.  Though this issue is secured ,investors having understanding of credit risks associated with gold loan companies can think to invest .


Category: Fixed Income

Tagged:

Leave a Reply

Advertisement:

Recent Comments

    Categories

    Categories

    Blog Archives

    See How Much Interest Your Saving Have Generated!!!Final Value will be Original Principal + Interest generated

    Blog Author

    Blog Author

    Disclaimer

    Information provided on this blog is for general purpose only & not investment advice.Please take advice of SEBI Registered Investment Advisors before taking any investment decision.
    Thank You For Visiting This Blog!!!