10.88% Cholamandalam Investment And Fin. Co. Ltd - AA Rated (INE121A08OI5)

Cholamandalam Investment And Fin. Co. Ltd, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE121A08OI5, with a face value of ₹5,00,000 rs on 12Feb19 to raise 350 crores. The debt instrument is issued with a coupon rate of 10.88% 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 Unsecured Debenture is 10.88% UNSECURED LISTED RATED REDEEMABLE NON CONVERTIBLE SUBORDINATED PERPETUAL DEBENTURES. SERIES PDI 20.. This instrument is issued in Private Placement mode. It has Simple coupon type with Full Redemption option. The Debenture is listed on BSE stock exchange on 28May19 & on NSE stock exchange on 21Feb19. INDIA RATING AND RESEARCH PVT. LTD has given AA rating to this Debenture on 30Jan19. 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.