11% Asirvad Micro Finance Limited - AA Rated (INE516Q07291)

Asirvad Micro Finance Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE516Q07291, with a face value of ₹10,00,000 rs on 29May20 to raise 45 crores. The debt instrument is issued with a coupon rate of 11% and its interest is paid 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 11% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURES. SERIES 1-200. DATE OF MATURITY 29/05/2023. 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 17Jun20. CRISIL RATINGS LIMITED has given AA- rating to this Debenture on 27Apr20. 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.