12.50% Sonata Finance Private Limited - BBB Rated (INE509M07261)

Sonata Finance Private Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE509M07261, with a face value of ₹2,50,000 rs on 22Nov21 to raise 20 crores. The debt instrument is issued with a coupon rate of 12.50% and its interest is paid Quarterly. 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 12.50% SECURED RATED LISTED NON CONVERTIBLE DEBENTURE. SERIES A. DATE OF MATURITY 23/11/2022.. This instrument is issued in Private Placement (EBP) mode. It has Compounding coupon type with Partial Redemption By Face Value option. The Debenture is listed on BSE stock exchange on 26Nov21. Acuite Ratings And Research Limited has given BBB+ rating to this Debenture on 04Oct21. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.