10.45% Asirvad Micro Finance Limited - AA Rated (INE516Q07416)

Asirvad Micro Finance Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE516Q07416, with a face value of ₹10,00,000 rs on 27Aug21 to raise 73 crores. The debt instrument is issued with a coupon rate of 10.45% 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 10.4500% SECURED RATED LISTED SENIOR REDEEMABLE NON CONVERTIBLE DEBENTURES. DATE OF MATURITY 27/02/2025. This instrument is issued in Private Placement (EBP) mode. It has Simple coupon type with Partial Redemption By Face Value option. The Debenture is listed on BSE stock exchange on 01Sep21. CRISIL RATINGS LIMITED has given AA- rating to this Debenture on 11Aug21. 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.