9.75% Incred Financial Services Limited - A Rated (INE945W07159)

Incred Financial Services Limited, a Finance company, has floated Debenture, having ISIN value as INE945W07159, with a face value of ₹10,00,000 rs on 26Jun20 to raise 100 crores. The debt instrument is issued with a coupon rate of 9.75% 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 Secured Debenture is 9.75% SECURED, LISTED, RATED REDEEMABLE NON-CONVERTIBLE DEBENTURES. IFSL/2020-21/003. DATE OF MATURITY 26/06/2023. 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 08Jul20. CRISIL LIMITED has given A+ rating to this Debenture on 01Jan70. 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.