7.50% Cholamandalam Investment And Fin. Co. Ltd - AA Rated (INE121A07QN2)

Cholamandalam Investment And Fin. Co. Ltd, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE121A07QN2, with a face value of ₹10,00,000 rs on 28Apr22 to raise 275 crores. The debt instrument is issued with a coupon rate of 7.50% 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 7.50% SECURED RATED LISTED NON CONVERTIBLE DEBENTURE. SERIES 620. DATE OF MATURITY 28/04/2027.. This instrument is issued in Private Placement (EBP) 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 AA+ rating to this Debenture on 22Apr22. 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.