7.70% Fullerton India Credit Company Ltd - AAA Rated (INE535H08751)

Fullerton India Credit Company Ltd, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE535H08751, with a face value of ₹10,00,000 rs on 25Jun21 to raise 250 crores. The debt instrument is issued with a coupon rate of 7.70% 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 7.7% UNSECURED RATED LISTED SUBORDINATED REDEEMABLE NON CONVERTIBLE DEBENTURES. SERIES 16. DATE OF MATURITY 25/06/2031. This instrument is issued in Private Placement mode. It has Simple coupon type with Full Redemption option. The Debenture is listed on NSE stock exchange on 28Jun21. CRISIL RATINGS LIMITED has given AAA rating to this Debenture on 16Jun21. This issuer is formerly known as FIRST INDIA CREDIT CORPORATION LTD, DOVE FINANCE LIMITED Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.