9.50% Sakthi Finance Limited - BBB Rated (INE302E07334)

Sakthi Finance Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE302E07334, with a face value of ₹1,000 rs on 29Jul21 to raise 29.4894 crores. The debt instrument is issued with a coupon rate of 9.50% and its interest is paid Monthly. 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 9.50% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURE. OPTION I. DATE OF MATURITY 29/09/2023.. This instrument is issued in Public Issue mode. It has Simple coupon type with Full Redemption option. The Debenture is listed on BSE stock exchange on 02Aug21. ICRA LIMITED has given BBB rating to this Debenture on 12Jan24. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.