Mangal Credit And Fincorp Limited
ACTIVE
ISIN: INE545L07036
Issuer Details
Issuer Name
MANGAL CREDIT AND FINCORP LI...
Type of Issuer
Non PSU
Sector
Financial Services
Coupon Rate
-
Industry
Finance
Issuer nature
-
Corporate Identity Number (CIN)
L65990MH1961PLC012227
Name of the Lead Manager
-
Registrar
Link Intime India Private Li...
Name of Debenture Trustee
Catalyst Trusteeship Limited...
Instrument Details
Instrument name as on NSDL
12.90% SECURED RATED LISTED ...
Face Value (in ₹)
100000
Total Issue size( in ₹ Cr.)
25
Category of Instrument
PLAIN VANILLA DEBENTURES
Allotment Date
03-04-2025
Redemption Date
03-10-2027
Whether Secured or Unsecured
Secured
Put Option Date
-
Call Option Date
-
Seniority in Repayment
Senior
Security Measures
Asset Coverage
Principal
Asset Percentage
125%
Details of Asset Cover
To maintain the value of security which will be Gold Loans and LAP Loans at all times equal to 1 point 25 times or 125 percent of aggregate amount of principal outstanding of NCDs where the cover is from principal of the receivables.
Asset Type
Details of the security
Others, Please Specify
To maintain the value of security which will be Gold Loans and LAP Loans at all times equal to 1 point 25 times or 125 percent of aggregate amount of principal outstanding of NCDs where the cover is from principal of the receivables.
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About Mangal Credit And Fincorp Limited bond with ISIN: INE545L07036
In the competitive landscape of fixed income securities, detailed and comprehensive information is vital for both investors and market analysts. This bond, identified by the unique ISIN INE545L07036, represents a significant financial instrument. Issued by MANGAL CREDIT AND FINCORP LIMITED, it comes with the following description: "12.90% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURE DATE OF MATURITY 03/10/2027". Although the bond is currently marked as active, its structure and historical context provide valuable insights into the world of debentures and non-convertible securities. The issuer, MANGAL CREDIT AND FINCORP LIMITED, classified as N/A, plays an essential role in the market despite some details such as sector, industry, and issuer nature not being explicitly provided. Key identifiers like the Corporate Identification Number (CIN) L65990MH1961PLC012227 further bolster its credibility. With a coupon rate of N/A, this instrument has been meticulously managed with the assistance of Link Intime India Private Limited,Mumbai and under the oversight of Catalyst Trusteeship Limited (Formerly GDA Trusteeship Limited), ensuring a strong operational framework. Examining the technical specifications, the bond’s face value is 100000 with an issue size of 25. It was allotted on 4/3/2025 and is scheduled for redemption on 10/3/2027. Categorized under "PLAIN VANILLA DEBENTURES" and defined as Secured, the instrument is structured to meet specific investment objectives. Although options such as call or put are not applicable in this instance, the core attributes remain detailed and robust. A critical element in evaluating any fixed income instrument is its credit rating. The bond carries a credit rating of BBB as provided by CRISIL RATINGS LIMITED. In the market, ratings typically range from D to AAA, and a rating of BBB is generally considered to be on the riskier end of the spectrum. This insight helps potential investors understand that while the ratings spectrum is broad, a lower rating can indicate higher risk, prompting careful consideration before investing. The security measures add another layer of assurance. The asset cover is described as follows: To maintain the value of security which will be Gold Loans and LAP Loans at all times equal to 1 point 25 times or 125 percent of aggregate amount of principal outstanding of NCDs where the cover is from principal of the receivables. – a feature that, while requiring further inquiry for complete details, underscores the issuer’s commitment to providing some level of investor protection. Furthermore, the bond is supported by several documents. The bond is supported by a variety of documents including CRISIL RATINGS LIMITED_-. These documents serve as a reference for additional details and provide transparency to interested parties. No similar bonds are listed at this time. Such comparable instruments offer a broader perspective on market positioning and allow investors to perform benchmark analysis. This detailed description is crafted to meet rigorous content standards and to offer exhaustive insights into every facet of the bond’s structure. Investors, analysts, and researchers alike can derive substantial value from this narrative, which underscores both the instrument’s inherent characteristics and its broader market positioning. Such elaborate coverage enhances investor confidence by providing a rich, comprehensive content base. Every element from issuance details to security measures and comparative insights is meticulously presented to facilitate an informed and robust market understanding.