13.50% Bhanix Finance And Investment Limited - BBB Rated (INE08X507053)

Bhanix Finance And Investment Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE08X507053, with a face value of ₹10,00,000 rs on 04Mar22 to raise 30 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 Secured Debenture is 13.5% SECURED UNLISTED UNRATED SENIOR NONCONVERTIBLE DEBENTURE.DATE OF MATURITY 04/09/2023. This instrument is issued in Private Placement (non-EBP) mode. It has Simple coupon type with Partial Redemption By Face Value option. The Bond is Not listed on any stock exchange. Infomerics Valuation and Rating Pvt. Ltd has given BBB- rating to this Debenture on 19Jul23. This issuer is formerly known as BHANIX FINANCE AND INVESTMENT PRIVATE LIMITED Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.