9.25% Shriram City Union Finance Limited (INE722A07AU6)

Shriram City Union Finance Limited, a Financial Institution company, has floated Debenture, having ISIN value as INE722A07AU6, with a face value of ₹10,00,000 rs on 28Feb20 to raise 500 crores. The debt instrument is issued with a coupon rate of 9.25% and its interest is paid Quarterly. 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 9.25% SECURED LISTED RATED LISTED FULLY PAID SENIOR REDEEMABLE NON CONVERTIBLE DEBENTURE. SERIES XIII. DATE OF MATURITY : 28/05/2024. 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 LTD has given WITHDRAWN rating to this Debenture on 31May21. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.