Asirvad Micro Finance Limited - AA Rated (INE516Q08158)

Asirvad Micro Finance Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE516Q08158, with a face value of ₹10,00,000 rs on 28Dec16 to raise 15 crores. The debt instrument is issued with a coupon rate of 13% YTM 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 Unsecured Debenture is 13% YTM UNSECURED REDEEMABLE NON CONVERTIBLE DEBENTURES. SERIES 1-150. DATE OF MATURITY 28/06/2023. This instrument is issued in Private Placement mode. It has Compounding coupon type with Full Redemption option. The Debenture is listed on BSE stock exchange on 16Jan17. CRISIL RATINGS LIMITED has given AA- rating to this Debenture on 04Nov16. 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.