9.80% Nuvama Wealth Finance Limited - AA Rated (INE918K07FU8)

Nuvama Wealth Finance Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE918K07FU8, with a face value of ₹1,000 rs on 05Feb20 to raise 26.3405 crores. The debt instrument is issued with a coupon rate of 9.80% 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 Secured Debenture is 9.80% SECURED RATED LISTED REDEEMEABLE NON CONVERTIBLE F DEBENTURE. SERIES VIII. DATE OF MATURITY 05/02/2030. This instrument is issued in Public Issue mode. It has Simple coupon type with Full Redemption option. The Debenture is listed on BSE stock exchange on 07Feb20. CRISIL RATINGS LIMITED has given AA- rating to this Debenture on 13Dec19. This issuer is formerly known as EDELWEISS FINANCE & INVESTMENTS LIMITED, EDELWEISS FINANCE & INVESTMENTS PVT Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.