9.18% Navi Finserv Limited - A Rated (INE342T07106)

Navi Finserv Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE342T07106, with a face value of ₹10,00,000 rs on 05Jan22 to raise 100 crores. The debt instrument is issued with a coupon rate of 9.18% and its interest is paid Quarterly. 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 9.1792% SECURED RATED LISTED REDEEMABLE FULLY PAID UP NON CONVERTIBLE DEBENTURE.LETTER OF ALLOTMENT. DATE OF MATURITY 05/04/2023. 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 10Jan22. INDIA RATING AND RESEARCH PVT. LTD has given A rating to this Debenture on 24Dec21. This issuer is formerly known as NAVI FINSERV PRIVATE LIMITED, CHAITANYA RURAL INTERMEDIATION DEVELOPMENT SERVICES PRIVATE LIMITED Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.