11.34% Northern Arc Capital Limited - AA Rated (INE850M07244)

Northern Arc Capital Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE850M07244, with a face value of ₹10,00,000 rs on 30Mar20 to raise 75 crores. The debt instrument is issued with a coupon rate of 11.34% 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 11.3448% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURE. DATE OF MATUIRTY 30/03/2024. 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 08Apr20. INDIA RATING AND RESEARCH PVT. LTD has given AA- rating to this Debenture on 06Feb19. This issuer is formerly known as IFMR CAPITAL FINANCE LIMITED, IFMR CAPITAL FINANCE PRIVATE LIMITED, HIGHLAND LEASING AND FINANCE PRIVATE LIMITED Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.