8.65% Shriram City Union Finance Limited - AA Rated (INE722A07BA6)

Shriram City Union Finance Limited, a Financial Institution company, has floated Debenture, having ISIN value as INE722A07BA6, with a face value of ₹10,00,000 rs on 21Sep21 to raise 200 crores. The debt instrument is issued with a coupon rate of 8.65% 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 Secured Debenture is 8.65% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURES. SERIES XXVIII. DATE OF MATURITY 21/09/2031. This instrument is issued in Private Placement (EBP) mode. It has Simple coupon type with Full Redemption option. The Debenture is listed on BSE stock exchange on 24Sep21. INDIA RATING AND RESEARCH PVT. LTD has given AA+ rating to this Debenture on 24Aug21. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.