9% Shriram Transport Finance Company Limited - AA Rated (INE721A07PZ5)

Shriram Transport Finance Company Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE721A07PZ5, with a face value of ₹10,00,000 rs on 29Oct20 to raise 75 crores. The debt instrument is issued with a coupon rate of 9% 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% SECURED SENIOR RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURES. STFCL OCT 2020-21 PP K-01. DATE OF MATURITY : 29/10/2030.. 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 11Nov20 & on NSE stock exchange on 10Nov20. INDIA RATING AND RESEARCH PVT. LTD has given AA+ rating to this Debenture on 04May20. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.