14.50% Belstar Microfinance Limited - AA Rated (INE443L08131)

Belstar Microfinance Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE443L08131, with a face value of ₹10,00,000 rs on 30Sep20 to raise 50 crores. The debt instrument is issued with a coupon rate of 14.50% and its interest is paid Semi Annually. 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 14.50% UNSECURED RATED LISTED SUBORDINATED TRANSFERABLE REDEEMABLE NON CONVERTIBLE DEBENTURE. DATE OF MATURITY 30/09/2027. This instrument is issued in Private Placement mode. It has Simple coupon type with Full Redemption option. The Debenture is listed on BSE stock exchange on 07Oct20. CARE RATINGS LIMITED has given AA- rating to this Debenture on 30Sep20. 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.