9.30% Shriram Transport Finance Company Limited - AA Rated (INE721A07KB7)

Shriram Transport Finance Company Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE721A07KB7, with a face value of ₹10,00,000 rs on 29Mar16 to raise 145 crores. The debt instrument is issued with a coupon rate of 9.30% 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 9.30% SECURED REDEEMABLE NON CONVERTIBLE DEBENTURES. SERIES PPD 15-16 C34 OPTION II. DATE OF MATURITY 27/03/2026. 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 08Apr16. INDIA RATING AND RESEARCH PVT. LTD has given AA+ rating to this Debenture on 20Jun14. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.