14% Neogrowth Credit Private Limited - BBB Rated (INE814O07311)

Neogrowth Credit Private Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE814O07311, with a face value of ₹1,00,000 rs on 19Mar21 to raise 20 crores. The debt instrument is issued with a coupon rate of 14% 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 14% SECURED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURES.F GROUP DEBT INSTRUMENT SERIES 2020-21/S/NCD/006. DATE OF MATURITY 19/03/2024. This instrument is issued in Private Placement mode. It has Simple coupon type with Partial Redemption By Face Value option. The Debenture is listed on BSE stock exchange on 19Apr21. CARE RATINGS LIMITED has given BBB rating to this Debenture on 19Mar21. 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.