12.30% Asirvad Micro Finance Limited - AA Rated (INE516Q07226)

Asirvad Micro Finance Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE516Q07226, with a face value of ₹10,00,000 rs on 09Aug17 to raise 5 crores. The debt instrument is issued with a coupon rate of 12.30% 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 12.30% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURES. SERIES 1-1000. DATE OF MATURITY 09/08/2023. This instrument is issued in Private Placement mode. It has Simple coupon type with Full Redemption option. The Debenture is listed on BSE stock exchange on 18Aug17. CRISIL RATINGS LIMITED has given AA- rating to this Debenture on 07Aug17. This issuer is formerly known as ASIRVAD MICRO FINANCE PRIVATE LIMITED Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.