11.50% Poonawalla Fincorp Limited - AA Rated (INE511C08AF8)

Poonawalla Fincorp Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE511C08AF8, with a face value of ₹10,00,000 rs on 03Feb17 to raise 1.9 crores. The debt instrument is issued with a coupon rate of 11.50% 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 Debenture is 11.50% UNSECURED SUBORDINATED NON CONVERTIBLE PERPETUAL DEBT IN THE NATURE OF DEBENTURES.. 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 15Feb17. CRISIL RATINGS LIMITED has given AA+ rating to this Debenture on 01Nov23. 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.