10% Poonawalla Fincorp Limited - AAA Rated (INE511C08AL6)

Poonawalla Fincorp Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE511C08AL6, with a face value of ₹10,00,000 rs on 28Mar18 to raise 5 crores. The debt instrument is issued with a coupon rate of 10% 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 10% UNSECURED RATED LISTED REDEEMABLE NON CONVERTIBLE SUBORDINATED DEBENTURES. DATE OF MATURITY 28/03/2028. 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 12Apr18. CRISIL RATINGS LIMITED has given AAA 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.