7.60% Motilal Oswal Financial Services Limited - AA Rated (INE338I07057)

Motilal Oswal Financial Services Limited, a Other Financial Services company, has floated Debenture, having ISIN value as INE338I07057, with a face value of ₹10,00,000 rs on 06Nov20 to raise 195 crores. The debt instrument is issued with a coupon rate of 7.60% 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 7.60% SECURED LISTED RATED REDEEMABLE NON CONVERTIBLE DEBENTURES. SERIES A/F.Y.21 /F.Y.24. DATE OF MATURITY 06/11/2023. 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 13Nov20. ICRA LIMITED has given AA rating to this Debenture on 28Jul23. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.