11.25% Electronica Finance Limited - A Rated (INE612U08025)

Electronica Finance Limited, a Finance company, has floated Debenture, having ISIN value as INE612U08025, with a face value of ₹5,000 rs on 14Jun21 to raise 59.325 crores. The debt instrument is issued with a coupon rate of 11.25% 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 Unsecured Debenture is 11.25% UNSECURED UNLISTED RATED NON CONVERTIBLE DEBENTURE. DATE OF MATURITY 13/06/2027. This instrument is issued in Private Placement mode. It has Simple coupon type with Partial Redemption By Face Value option. The Bond is Not listed on any stock exchange. INDIA RATING AND RESEARCH PVT. LTD has given A rating to this Debenture on 10Jun21. This issuer is formerly known as ELECTRONICA LEASING & FIANANCE LIMITED, ELECTRONICA LEASING & FIANANCE PRIVATE LIMITED Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.