13.75% Berar Finance Limited - BBB Rated (INE998Y07055)

Berar Finance Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE998Y07055, with a face value of ₹10,00,000 rs on 18Nov20 to raise 15 crores. The debt instrument is issued with a coupon rate of 13.75% 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 Secured Debenture is 13.75% SECURED RATED, UNLISTED, UNSUBORDINATED TRANSFERABLE REDEEMABLE NON-CONVERTIBLE DEBENTURES. DATE OF MATURITY 30/03/2023. This instrument is issued in Private Placement mode. It has Compounding coupon type with Full Redemption option. The Bond is Not listed on any stock exchange. ICRA LIMITED has given BBB rating to this Debenture on 02May23. This issuer is formerly known as BERAR FINANCE PRIVATE LIMITED Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.