8% Cholamandalam Investment And Fin. Co. Ltd - AA Rated (INE121A07OB2)

Cholamandalam Investment And Fin. Co. Ltd, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE121A07OB2, with a face value of ₹10,00,000 rs on 28Nov17 to raise 150 crores. The debt instrument is issued with a coupon rate of 8% and its interest is paid 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 Secured Debenture is 8% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURES. SERIES 545. DATE OF MATURITY 28/11/2022. This instrument is issued in Private Placement mode. It has Simple coupon type with Full Redemption option. The Debenture is listed on NSE stock exchange on 04Dec17. INDIA RATING AND RESEARCH PVT. LTD has given AA+ rating to this Debenture on 27Oct17. This issuer is formerly known as CHOLAMANDALAM DBS FINANCE LIMITED Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.