Kotak Mahindra Prime Limited - AAA Rated (INE916DA7RL5)

Kotak Mahindra Prime Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE916DA7RL5, with a face value of ₹10,00,000 rs on 23Feb22 to raise 50 crores. The debt instrument is issued with a coupon rate of 10YEAR GSEC LINKED 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 10YEAR GSEC LINKED SECURED RATED LISTED SENIOR PRINCIPAL PROTECTED MARKET LINKED REDEEMABLE NON CONVERTIBLE DEBENTURES.DATE OF MATURITY 04/03/2024. This instrument is issued in Private Placement (non-EBP) mode. It has Simple coupon type with Full Redemption option. The Bond is Not listed on any stock exchange. CRISIL RATINGS LIMITED has given PP-MLD AAA rating to this Debenture on 11Feb22. 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.