Creditaccess Grameen Limited - AA Rated (INE741K07421)

Creditaccess Grameen Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE741K07421, with a face value of ₹10,00,000 rs on 31Aug21 to raise 100 crores. The debt instrument is issued with a coupon rate of GSEC LINKED and its interest is paid on Maturity. 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 GSEC LINKED SECURED RATED LISTED SENIOR TAXABLE REDEEMABLE MARKET LINKED NON-CONVERTIBLE DEBENTURES.LETTER OF ALLOTMENT.DATE OF MATURITY 05/09/2023. 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 07Sep21. ICRA LIMITED has given PP-MLD AA+ rating to this Debenture on 19Jan23. 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.