Shriram City Union Finance Limited - AA Rated (INE722A07AR2)

Shriram City Union Finance Limited, a Financial Institution company, has floated Debenture, having ISIN value as INE722A07AR2, with a face value of ₹10,00,000 rs on 01Mar21 to raise 491.36 crores. The debt instrument is issued with a coupon rate of G SEC LINK and its interest is paid on Maturity. 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 YEAR GSEC LINKED SECURED RATED LISTED REDEEMABLE TAXABLE PRINCIPAL PROTECTED MARKET LINKED NON CONVERTIBLE DEBENTURES.SERIES XXII. DATE OF MATURITY 01/03/2023. This instrument is issued in Private Placement mode. It has Simple coupon type with Full Redemption option. The Debenture is listed on BSE stock exchange on 15Mar21. INDIA RATING AND RESEARCH PVT. LTD has given PP-MLD AA+r rating to this Debenture on 15Feb21. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.