Kotak Mahindra Prime Limited - AAA Rated (INE916DA7QK9)

Kotak Mahindra Prime Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE916DA7QK9, with a face value of ₹10,00,000 rs on 06Dec19 to raise 50 crores. The debt instrument is issued with a coupon rate of LINKED TO 7.26 2029 GSEC and its interest is paid on Maturity. 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 10 YEAR GOVERMENT SECURITY PRICE LINKED SECURED LISTED RATED REDEEMABLE NON CONVERTIBLE DEBENTURES. DATE OF MATURITY 06/12/2022. 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 13Dec19. CRISIL RATINGS LIMITED has given PP-MLD AAAr rating to this Debenture on 08Nov19. This issuer is formerly known as KOTAK MAHINDRA PRIMUS LIMITED, KOMAF AUTO FINANCE LIMITED, KOMAF AUTO FINANCE PRIVATE LIMITED Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.