India’s Manappuram redeems $300 million of secured notes

By Mary-Katherine Stinson

Lexington, Ky., Jan. 17 – Manappuram Finance Ltd. informed the Singapore Stock Exchange that its redemption of $300 million of its senior secured notes (ISIN: XS2090080172) was completed on Jan. 13, according to a notice.

The redemption totaled $300 million in principal and $8.85 million in interest.

The notes were issued under the company’s medium-term note program.

The non-banking finance company is based in Thrissur, India.

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