10.75% Poonawalla Fincorp Limited - AAA Rated (INE511C07714)

Poonawalla Fincorp Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE511C07714, with a face value of ₹1,000 rs on 06May19 to raise 2.0323 crores. The debt instrument is issued with a coupon rate of 10.75% and its interest is paid 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 10.75% SECURED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURES. SERIES VII. DATE OF MATURITY 06/05/2029. This instrument is issued in Public Issue mode. It has Simple coupon type with Full Redemption option. The Debenture is listed on NSE stock exchange on 09May19 & on BSE stock exchange on 09May19. CARE Ratings Limited has given AAA rating to this Debenture on 06May19. This issuer is formerly known as MAGMA FINCORP LIMITED, MAGMA SHRACHI FINANCE LIMITED Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.