Sk Finance Limited - AA Rated (INE124N08075)

Sk Finance Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE124N08075, with a face value of ₹10,00,000 rs on 29Dec21 to raise 35 crores. The debt instrument is issued with a coupon rate of 1 YEAR SBI MCLR LINKED 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 Unsecured Debenture is 1 YEAR SBI MCLR LINKED UNSECURED RATED LISTED NON CONVERTIBLE DEBENTURE. SERIES SKFL UNSECURED NCD 12 2021.DATE OF MATURITY 29/06/2024.. 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 03Jan22. ICRA LIMITED has given AA- rating to this Debenture on 08Aug24. 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.