11.40% Asirvad Micro Finance Limited - AA Rated (INE516Q08356)

Asirvad Micro Finance Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE516Q08356, with a face value of ₹10,00,000 rs on 09Jul21 to raise 35 crores. The debt instrument is issued with a coupon rate of 11.40% 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 11.40% UNSECURED RATED UNLISTED REDEEMABLE NON CONVERTIBLE DEBENTURES.SERIES 1-500. DATE OF MATURITY 31/12/2024. This instrument is issued in Private Placement mode. It has Compounding coupon type with Partial Redemption By Quantity option. The Bond is Not listed on any stock exchange. CRISIL RATINGS LIMITED has given AA- rating to this Debenture on 17Feb21. 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.