7.37% Kotak Mahindra Prime Limited - AAA Rated (INE916DA7RT8)

Kotak Mahindra Prime Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE916DA7RT8, with a face value of ₹10,00,000 rs on 16Sep22 to raise 525 crores. The debt instrument is issued with a coupon rate of 7.37% 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 7.37% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURE. DATE OF MATURITY 16/09/2025.. This instrument is issued in Private Placement (EBP) mode. It has Simple coupon type with Full Redemption option. The Debenture is listed on BSE stock exchange on 14Oct22. CRISIL RATINGS LIMITED has given AAA rating to this Debenture on 24Aug22. 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.