Sk Finance Limited (INE124N07374)

Sk Finance Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE124N07374, with a face value of ₹10,00,000 rs on 02Jun20 to raise 50 crores. The debt instrument is issued with a coupon rate of 11.25%(RBI REPO RATE 4.40%+CREDIT SPREAD 6.85%) and its interest is paid Monthly. 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 11.25% (RBI REPO RATE 4.40% + CREDIT SPREAD 6.85%) RATED, LISTED, SECURED, REDEEMABLE, NON-CONVERTIBLE DEBENTURES. SERIES 5236596-5237095. DATE OF MATURITY 02/06/2023. This instrument is issued in Private Placement mode. It has Simple coupon type with Full Redemption option. The Debenture is listed on BSE stock exchange on 09Jun20. CARE RATINGS LIMITED has given WITHDRAWN rating to this Debenture on 02Jun20. This issuer is formerly known as ESS KAY FINCORP LIMITED, ESS KAY FINCORP PRIVATE LIMITED, ESS KAY AUTO FINANCE PRIVATE LIMITED Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.