13.10% Asa International India Microfinance Limited - BB Rated (INE746T07033)

Asa International India Microfinance Limited, a Finance company, has floated Debenture, having ISIN value as INE746T07033, with a face value of ₹10,00,000 rs on 27Dec17 to raise 28 crores. The debt instrument is issued with a coupon rate of 13.10% and its interest is paid Semi Annually. The returns are Taxable and one has to pay the applicable tax on the returns from this investment. As per the filings, the long description of this Secured Debenture is 13.1011% SECURED RATED UNLISTED REDEEMABLE NON CONVERTIBLE DEBENTURES. DATE OF MATURITY 27/12/2022. This instrument is issued in Private Placement mode. It has Simple coupon type with Full Redemption option. The Bond is Not listed on any stock exchange. ICRA LIMITED has given BB+ rating to this Debenture on 04Jan23. This issuer is formerly known as ASA INTERNATIONAL INDIA MICROFINANCE PRIVATE LIMITED, DILKUSHA HIRE PURCHASE PRIVATE LIMITED Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.