Shriram City Union Finance Limited - AA Rated (INE722A07BJ7)

Shriram City Union Finance Limited, a Financial Institution company, has floated Debenture, having ISIN value as INE722A07BJ7, with a face value of ₹10,00,000 rs on 15Sep22 to raise 400 crores. The debt instrument is issued with a coupon rate of GSEC LINKED 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 PRINCIPAL PROTECTED MARKET LINKED NON CONVERTIBLE DEBENTURE. SERIES XXXIV. DATE OF MATURITY 15/11/2024.. 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 16Sep22. CRISIL RATINGS LIMITED has given PP-MLD AA+ rating to this Debenture on 12Sep22. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.