Manappuram Finance announced public issue of non-convertible debenture aggregating Rs 100 crore

KOCHI: Manappuram Finance Ltd, one of the leading gold loan NBFCs, has announced the public issue of secured, redeemable non-convertible debenture aggregating Rs 100 crore with a green shoe option of Rs 100 crore.

The NCDs with a face value of Rs 1000 each will have an effective yield of up to 12.61 per cent per annum. Manappuram Finance reported a net profit of Rs 208.43 crore for the financial year 2013 and a net worth of Rs 2443 crore as on March 31, 2013.

The company has a long term credit rating of A+ from CRISIL for the current issue for an amount up to Rs 300 crore.