10.50% Chemm Finance Limited - BB Rated (INE036007099)

Chemm Finance Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE036007099, with a face value of ₹1,000 rs on 29May20 to raise 1.079 crores. The debt instrument is issued with a coupon rate of 10.50% 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 10.50% SECURED UNLISTED RATED REDEEMABLE NON CONVERTIBLE DEBENTURES. SERIES 41ST . DATE OF MATURITY 29/05/2023. 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. INDIA RATING AND RESEARCH PVT. LTD has given BB rating to this Debenture on 10Nov21. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.