9.50% Incred Financial Services Limited - AA Rated (INE321N07251)

Incred Financial Services Limited, a Finance company, has floated Debenture, having ISIN value as INE321N07251, with a face value of ₹10,00,000 rs on 30Aug22 to raise 35 crores. The debt instrument is issued with a coupon rate of 9.50% and its interest is paid Quarterly. 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 9.50% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURE. SERIES IFSL/2022-2023/NCD/001/AUGUST 2024. DATE OF MATURITY 30/08/2024.. This instrument is issued in Private Placement (non-EBP) mode. It has Simple coupon type with Partial Redemption By Quantity option. The Debenture is listed on BSE stock exchange on 06Sep22. CRISIL RATINGS LIMITED has given AA- rating to this Debenture on 25Aug22. This issuer is formerly known as KKR INDIA FINANCIAL SERVICES PRIVATE LIMITED, MULTIFLOW FINANCIAL SERVICES PVT LTD Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.