12.30% Sonata Finance Private Limited - AA Rated (INE509M07303)

Sonata Finance Private Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE509M07303, with a face value of ₹10,00,000 rs on 23Dec21 to raise 75 crores. The debt instrument is issued with a coupon rate of 12.30% 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 12.3% SECURED RATED LISTED NON CONVERTIBLE DEBENTURE.DATE OF MATURITY 23/12/2024. 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 24Dec21. INDIA RATING AND RESEARCH PVT. LTD has given AA rating to this Debenture on 16Dec21. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.