Shriram Transport Finance Company Limited - AA Rated (INE721A07QI9)

Shriram Transport Finance Company Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE721A07QI9, with a face value of ₹10,00,000 rs on 18May21 to raise 1400 crores. The debt instrument is issued with a coupon rate of G SEC LINK and its interest is paid on Maturity. 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 10 YEAR G SEC LINKED SENIOR SECURED RATED LISTED PRINCIPAL PROTECTED MARKET LINKED NON - CONVERTIBLE DEBENTURE. SERIES - STFCL MAY2021-22 PPMLY-03.DATE OF MATURITY -18/11/2023. 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 10Dec21. CRISIL RATINGS LIMITED has given PP-MLD AA+ rating to this Debenture on 16Mar21. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.