9.80% Sk Finance Limited - AA Rated (INE124N07507)

Sk Finance Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE124N07507, with a face value of ₹10,00,000 rs on 19Nov20 to raise 150 crores. The debt instrument is issued with a coupon rate of 9.80% 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 9.80% SECURED LISTED, RATED, SENIOR REDEEMABLE NON CONVERTIBLE DEBENTURES. SERIES 5247546-5249045.DATE OF MATURITY 19/11/2024. 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 02Dec20. ICRA LIMITED has given AA+(CE) rating to this Debenture on 27Apr23. 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.