9% Shivalik Small Finance Bank Limited (INE0E3P08029)

Shivalik Small Finance Bank Limited, a Public Sector Bank company, has floated Debenture, having ISIN value as INE0E3P08029, with a face value of ₹10 rs on 16Dec20 to raise 4 crores. The debt instrument is issued with a coupon rate of 9% 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 Unsecured Debenture is 9% UNSECURED UNRATED UNLISTED PARTLY PAID UP COMPULSORY CONVERTIBLE DEBENTURES.SERIES III.DATE OF CONVERSION 01/04/2023.. This instrument is issued in Private Placement mode. It has Simple coupon type with Not Applicable 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.