Belstar Microfinance Limited - AA Rated (INE443L07158)

Belstar Microfinance Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE443L07158, with a face value of ₹10,00,000 rs on 28Feb22 to raise 125 crores. The debt instrument is issued with a coupon rate of GSEC LINKED and its interest is paid on Maturity. 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 Secured Debenture is GSEC LINKED SECURED RATED LISTED PRINCIPAL PROTECTED NON CONVERTIBLE DEBENTURE.DATE OF MATURITY 28/02/2024. This instrument is issued in Private Placement (non-EBP) mode. It has Simple coupon type with Full Redemption option. The Debenture is listed on BSE stock exchange on 02Mar22. CRISIL RATINGS LIMITED has given PP-MLD AA rating to this Debenture on 24Feb22. This issuer is formerly known as BELSTAR MICROFINANCE PRIVATE LIMITED, BELSTAR INVESTMENT AND FINANCE PRIVATE LIMITED Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.