10% Sakthi Finance Limited - BBB Rated (INE302E07466)

Sakthi Finance Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE302E07466, with a face value of ₹1,000 rs on 29Apr22 to raise 43.7451 crores. The debt instrument is issued with a coupon rate of 10% 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 10% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURES.OPTION VII. DATE OF MATURITY 29/04/2027. This instrument is issued in Public Issue mode. It has Simple coupon type with Full Redemption option. The Bond is Not listed on any stock exchange. ICRA LIMITED has given BBB rating to this Debenture on 23May24. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.