9.75% Indostar Capital Finance Limited - AA Rated (INE896L07702)

Indostar Capital Finance Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE896L07702, with a face value of ₹10,00,000 rs on 25Nov19 to raise 25 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 RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURES. LETTER OF ALLOTMENT. SERIES XXXIV. DATE OF MATURITY 25/10/2024. 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 03Dec19. CARE RATINGS LIMITED has given AA- rating to this Debenture on 25Nov19. This issuer is formerly known as INDOSTAR CAPITAL FINANCE PRIVATE LIMITED, R V VYAPAAR PRIVATE LIMITED Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.