0% Morgan Credits Private Limited (INE519U08030)

Morgan Credits Private Limited, a Finance company, has floated Debenture, having ISIN value as INE519U08030, with a face value of ₹10,00,000 rs on 19Apr18 to raise 950 crores. The debt instrument is issued with a coupon rate of 0% and its interest is paid Never. 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 Unsecured Debenture is ZERO COUPON UNLISTED UNSECURED REDEEMABLE NON CONVERTIBLE DEBENTURES. SERIES 1. DATE OF MATURITY 19/04/2021. This instrument is issued in Private Placement mode. It has Simple coupon type with Partial Redemption By Quantity option. The Bond is Not listed on any stock exchange. CARE RATINGS LIMITED has given WITHDRAWN rating to this Debenture on 19Apr18. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.