Poonawalla Fincorp Limited - AA Rated (INE511C08878)

Poonawalla Fincorp Limited, a Non-Banking Financial Company (NBFC) company, has floated Bond, having ISIN value as INE511C08878, with a face value of ₹5,00,000 rs on 20May13 to raise 18.85 crores. The debt instrument is issued with a coupon rate of RESET RATE (REFER REMARKS) 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 Unsecured Bond is RESET RATE UNSECURED NON-CONVERTIBLE SUBORDINATED PERPETUAL BONDS IN THE NATURE OF DEBENTURES.. This instrument is issued in Private Placement mode. It has Simple coupon type with Full Redemption option. The Bond is listed on BSE stock exchange on 30May13. CARE Ratings Limited has given AA+ rating to this Bond on 02Jul19. This issuer is formerly known as MAGMA FINCORP LIMITED, MAGMA SHRACHI FINANCE LIMITED Neither the Principal nor the Interest is covered for this Bond. Yes, this debt instrument is Perpetual In Nature.