11.25% Asirvad Micro Finance Limited - AA Rated (INE516Q07309)

Asirvad Micro Finance Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE516Q07309, with a face value of ₹3,33,330 rs on 22Jun20 to raise 16.6666666 crores. The debt instrument is issued with a coupon rate of 11.25% and its interest is paid Quarterly. 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 11.25% SECURED RATED LISTED REDEEMABLE, NON CONVERTIBLE DEBENTURES. SERIES 1-500. DATE OF MATURITY 21/04/2023. This instrument is issued in Private Placement mode. It has Simple coupon type with Partial Redemption By Face Value option. The Debenture is listed on BSE stock exchange on 26Jun20. 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.