10% Asirvad Micro Finance Limited - AA Rated (INE516Q08364)

Asirvad Micro Finance Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE516Q08364, with a face value of ₹7,77,780 rs on 06Sep21 to raise 30 crores. The debt instrument is issued with a coupon rate of 10% 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 10% UNSECURED RATED LISTED NON CONVERTIBLE DEBENTURE. DATE OF MATURITY 23/02/2024.. This instrument is issued in Private Placement (EBP) mode. It has Compounding coupon type with Partial Redemption By Face Value option. The Debenture is listed on BSE stock exchange on 09Sep21. 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.