12.25% Dar Credit & Capital Ltd - BBB Rated (INE04Q907082)

Dar Credit & Capital Ltd, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE04Q907082, with a face value of ₹5,00,000 rs on 11Feb21 to raise 7.3 crores. The debt instrument is issued with a coupon rate of 12.25% 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 12.25% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURES.SERIES 1B OPTION II..LETTER OF ALLOTMENT. DATE OF MATURITY 10/02/2026. This instrument is issued in Private Placement mode. It has Compounding coupon type with Full Redemption option. The Bond is Not listed on any stock exchange. CARE RATINGS LIMITED has given BBB- rating to this Debenture on 12Feb21. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.