8.57% Sbfc Finance Limited - AA Rated (INE423Y07062)

Sbfc Finance Limited, a Finance company, has floated Debenture, having ISIN value as INE423Y07062, with a face value of ₹10,00,000 rs on 06Aug21 to raise 43 crores. The debt instrument is issued with a coupon rate of 8.57% 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 8.57% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURES. SERIES A. DATE OF MATURITY 06/08/2024. 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. INDIA RATING AND RESEARCH PVT. LTD has given AA- rating to this Debenture on 05Mar21. This issuer is formerly known as SBFC FINANCE PRIVATE LIMITED, SMALBUSINESS FINCREDIT INDIA PRIVATE LIMITED, MAPE FINSERVE PRIVATE LIMIED Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.