12% Belstar Microfinance Limited - AA Rated (INE443L08040)

Belstar Microfinance Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE443L08040, with a face value of ₹10,00,000 rs on 22Jun17 to raise 10 crores. The debt instrument is issued with a coupon rate of 12% 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 12% UNSECURED UNLISTED RATED SUBORDINATED REDEEMABLE TAXABLE NON CONVERTIBLE DEBENTURES. A GROP DEBT INSTRUMENTS. DATE OF MATURITY 31/07/2023. This instrument is issued in Private Placement mode. It has Simple coupon type with Full Redemption option. The Bond is Not listed on any stock exchange. ICRA LIMITED has given AA- rating to this Debenture on 05Oct23. 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.