11.90% Asirvad Micro Finance Limited - AA Rated (INE516Q08331)

Asirvad Micro Finance Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE516Q08331, with a face value of ₹1,00,000 rs on 26Mar21 to raise 100 crores. The debt instrument is issued with a coupon rate of 11.90% and its interest is paid Monthly. 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 11.90% UNSECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURES. SERIES 1-10000. DATE OF MATURITY 26/06/2026. 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 31Mar21. CRISIL RATINGS LIMITED has given AA- rating to this Debenture on 18Mar21. 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.