Shriram City Union Finance Limited - AA Rated (INE722A07AS0)

Shriram City Union Finance Limited, a Financial Institution company, has floated Debenture, having ISIN value as INE722A07AS0, with a face value of ₹10,00,000 rs on 17Mar21 to raise 300 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 GSEC LINKED SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURES.SERIES XXIII TRANCHE 1. DATE OF MATURITY 17/05/2023. 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 19Mar21. INDIA RATING AND RESEARCH PVT. LTD has given PP-MLD AA+r rating to this Debenture on 10Mar21. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.