Manappuram Finance announced that a meeting of the Financial Resources and Management Committee of the Board of Directors of the Company will now take place on 04 December 2019 or at a later date subject to market conditions to finalize the pricing, tenure and other terms of issue of foreign currency denominated bonds under the euro medium term note programme of the company.

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Manappuram Finance announced that on 27 November 2019 international credit rating agencies viz Fitch Ratings and S&P have assigned the following ratingsto the Company for the proposed issue of debt instruments in the form of US dollar denominatedsenior notes bonds (the “Notes”) by the establishment of a Euro medium term noteprogramme(“EMTN Programme”):

S&P Global Ratings
Issuer Rating - 'BB-' Long Term and 'B' Short Term with 'Stable' Outlook

Fitch Ratings
Long Term Foreign Currency Issuer Default Rating and Long Term Local Currency Issuer Default Rating - BB- with Stable Outlook

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Manappuram Finance announced that the company is contemplating, subject to market conditions, to undertake the issue of foreign currency denominated bonds (the “Issue”) under the euro medium term note programme (the “MTN Programme”) established by the Company pursuant to the approval of the Board of Directors of the Company at its meeting held on 06 November 2019.

The pricing, tenure and other terms of the bonds to be issued pursuant to the Issue will be determined by the Financial Resources and Management Committee (“Committee”) of the Board of Directors of the Company which meeting shall take place on 03 December 2019 or on a later date subject to market conditions and other considerations and such details shall be intimated to you in due course.

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Manappuram Finance announced that in reference to the proposed issue of US Dollar denominated senior notes bonds by the establishment of a Euro medium term note programme, international credit rating agencies viz Fitch Ratings, and S&P have assigned the ratings as given under to the Company-

Fitch - BB-; Stable (Type Expected)
S&P - BB-; Stable (Type Expected)

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