11.40% Northern Arc Capital Limited - AA Rated (INE850M08085)

Northern Arc Capital Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE850M08085, with a face value of ₹10 rs on 25Sep19 to raise 30 crores. The debt instrument is issued with a coupon rate of 11.40% and its interest is paid Monthly. 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 Unsecured Debenture is 11.60% UNSECURED RATED LISTED UNSUBORDINATED REDEEMABLE TAXABLE NON CONVERTIBLE DEBENTURES. DATE OF MATURITY 25/09/2023. This instrument is issued in Private Placement mode. It has Simple coupon type with Full Redemption option. The Debenture is listed on BSE stock exchange on 10Oct19. ICRA LIMITED has given AA- rating to this Debenture on 27Mar24. 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.