7.75% Punjab Kashmir Finance Limited (INE03CO07496)

Punjab Kashmir Finance Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE03CO07496, with a face value of ₹1,000 rs on 31Aug20 to raise 0.7245 crores. The debt instrument is issued with a coupon rate of 7.75% and its interest is paid on Maturity. 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 7.75% SECURED UNLISTED UNRATED REDEEMABLE NON CONVERTIBLE DEBENTURE.SERIES 30- SENIOR CITIZEN COMPOUNDED YEARLY-36 MONTHS. DATE OF MATURITY 31/08/2023. This instrument is issued in Private Placement mode. It has Compounding coupon type with Full Redemption option. The Bond is Not listed on any stock exchange. This debt instrument is Unrated. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.