9.85% Northern Arc Capital Limited (INE850M07400)

Northern Arc Capital Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE850M07400, with a face value of ₹10,00,000 rs on 23Mar21 to raise 180 crores. The debt instrument is issued with a coupon rate of 9.85% 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 9.85% SECURED UNRATED UNLISTED SENIOR REDEEMABLE NON-CONVERTIBLE DEBENTURES. DATE OF MATURITY 23/03/2026. 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. This debt instrument is Unrated. 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.