8.85% Shriram City Union Finance Limited - AA Rated (INE722A07BI9)

Shriram City Union Finance Limited, a Financial Institution company, has floated Debenture, having ISIN value as INE722A07BI9, with a face value of ₹10,00,000 rs on 31May22 to raise 200 crores. The debt instrument is issued with a coupon rate of 8.85% 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 8.85% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURE. SERIES XXXIII. OPTION 1. DATE OF MATURITY 31/05/2032.. This instrument is issued in Private Placement (non-EBP) mode. It has Simple coupon type with Full Redemption option. The Debenture is listed on BSE stock exchange on 29Jun22. INDIA RATING AND RESEARCH PVT. LTD has given AA+ rating to this Debenture on 20Dec21. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.