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Mannapuram Finance Ltd. is a part of the Manappuram Group with nine companies having diverse interests in Gold Loans, Asset Financing, Insurance, Foreign Exchange, Money Changing, and most recently, gold jewellery.
Highlights of the issue:
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- Issue Opens on August 18, 2011
- Issue Closes on September 5, 2011
- Attractive coupon of 12.20% per annum
- No TDS on listed debentures
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Details of the two available options:
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| Option | I | II |
| Tenure |
400 Days
|
24 Months
|
| Minimum Application |
Rs. 5000 & in multiples of 1 bond thereafter
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Rs. 5000 & in multiples of 1 bond thereafter
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| Face Value |
Rs. 1000
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Rs 1000
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| Issue Price | Rs. 1000 | Rs. 1000 |
| Interest Payment | Cumulative, on maturity | Semi-Annual |
Coupon Rate (%)
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| Resident Individuals/HUF | NA | 12.20% |
| Corporates/Institutions/QIBs | NA | 12.00% |
Yield (%)
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| Resident Individuals/HUF | 12.00% | 12.56% |
| Corporates/Institutions/QIBs | 12.00% | 12.34% |
| Redemption Amount | Rs. 1132.25 for all categories (face value plus redemption premium) |
Face value of NCD plus any interest
that may have accrued |
Nature of Indebtedness
|
Pari Passu with other secured creditors and priority over unsecured creditors
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