7.95% Shriram City Union Finance Limited - AA Rated (INE722A07AY8)

Shriram City Union Finance Limited, a Financial Institution company, has floated Debenture, having ISIN value as INE722A07AY8, with a face value of ₹10,00,000 rs on 12Aug21 to raise 300 crores. The debt instrument is issued with a coupon rate of 7.95% 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 7.95% SECURED RATED LISTED SENIOR REDEEMABLE NON CONVERTIBLE DEBENTURES.SERIES XXVI. DATE OF MATURITY 12/08/2024. This instrument is issued in Private Placement mode. It has Simple coupon type with Partial Redemption By Quantity option. The Debenture is listed on BSE stock exchange on 18Aug21. INDIA RATING AND RESEARCH PVT. LTD has given AA+ 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.