13.50% Asirvad Micro Finance Limited - AA Rated (INE516Q08372)

Asirvad Micro Finance Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE516Q08372, with a face value of ₹1,00,000 rs on 31Dec21 to raise 50 crores. The debt instrument is issued with a coupon rate of 13.50% 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 13.5% UNSECURED RATED UNLISTED SUBORDINATED REDEEMABLE NON CONVERTIBLE DEBENTURE.DATE OF MATURITY 31/12/2027. This instrument is issued in Private Placement (non-EBP) mode. It has Simple coupon type with Full Redemption option. The Bond is Not listed on any stock exchange. CRISIL RATINGS LIMITED has given AA- rating to this Debenture on 20Dec21. 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.