8.56% Shriram Transport Finance Company Limited - AA Rated (INE721A07QU4)

Shriram Transport Finance Company Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE721A07QU4, with a face value of ₹10,00,000 rs on 25Feb22 to raise 900 crores. The debt instrument is issued with a coupon rate of 8.56% 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 8.56% SECURED RATED LISTED NON CONVERTIBLE DEBENTURE.SERIES STFCL 02 PPD FEB 2021-22.DATE OF MATURITY 25/02/2032. 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 02Mar22. INDIA RATING AND RESEARCH PVT. LTD has given AA+ rating to this Debenture on 20Dec21. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.