14.50% Satin Finserv Limited - BBB Rated (INE03K307017)

Satin Finserv Limited, a Finance company, has floated Debenture, having ISIN value as INE03K307017, with a face value of ₹10,00,000 rs on 29Jun20 to raise 5 crores. The debt instrument is issued with a coupon rate of 14.50% 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 Secured Debenture is 14.50% SECURED, LISTED GUARANTEED, SENIOR, TAXABLE, NON CUMULATIVE, RATED, REDEEMABLE, NON CONVERTIBLE DEBENTURES . DATE OF MATURITY 29/06/2023. This instrument is issued in Private Placement mode. It has Simple coupon type with Full Redemption option. The Bond is Not listed on any stock exchange. CARE RATINGS LIMITED has given BBB+ rating to this Debenture on 29Jun20. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.