9.90% Shriram Transport Finance Company Limited - AA Rated (INE468M07344)

Shriram Transport Finance Company Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE468M07344, with a face value of ₹10,00,000 rs on 16Apr15 to raise 25 crores. The debt instrument is issued with a coupon rate of 9.90% and its interest is paid Annually. 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 9.90% SECURED REDEEMABLE NON CONVERTIBLE DEBENTURES. SERIES SEFCL M-15. DATE OF MATURITY 16/04/2025. 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 22Aug16. CARE Ratings Limited has given AA+ rating to this Debenture on 16Apr15. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.