10.50% Creditaccess Grameen Limited - AA Rated (INE741K07264)

Creditaccess Grameen Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE741K07264, with a face value of ₹10,00,000 rs on 28Feb20 to raise 80 crores. The debt instrument is issued with a coupon rate of 10.50% and its interest is paid Semi 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 10.50% SECURED RATED UNLISTED SENIOR REDEEMABLE TAXABLE TRANSFERABLE NON CONVERTIBLE DEBENTURES. LETTER OF ALLOTMENT.DATE OF MATURITY 28/02/2023. 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 AA- rating to this Debenture on 18Mar20. This issuer is formerly known as GRAMEEN KOOTA FINANCIAL SERVICES LIMITED, GRAMEEN KOOTA FINANCIAL SERVICES PRIVATE LIMITED, GRAMEEN FINANCIAL SERVICES PRIVATE LIMITED Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.