12.29% Neogrowth Credit Private Limited - BBB Rated (INE814O07303)

Neogrowth Credit Private Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE814O07303, with a face value of ₹10,00,000 rs on 25Feb21 to raise 41 crores. The debt instrument is issued with a coupon rate of 12.29% and its interest is paid Semi 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 12.29% SECURED UNLISTED REDEEMABLE NON CONVERTIBLE DEBENTURES.F GROUP DEBT INSTRUMENT SERIES 2020-21/S/NCD/004. DATE OF MATURITY 13/02/2026. This instrument is issued in Private Placement mode. It has Simple coupon type with Partial Redemption By Face Value option. The Bond is Not listed on any stock exchange. CARE RATINGS LIMITED has given BBB rating to this Debenture on 25Feb21. This issuer is formerly known as BPJ CREDIT & INVESTMENTS PRIVATE LIMITED Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.