Shriram Transport Finance Company Limited - AA Rated (INE721A07QX8)

Shriram Transport Finance Company Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE721A07QX8, with a face value of ₹10,00,000 rs on 18Apr22 to raise 700 crores. The debt instrument is issued with a coupon rate of 12 MONTHS T-BILL LINKED + SPREAD 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 12 MONTHS T-BILL LINKED + SPREAD SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURE. SERIES STFCL PPD I APR 2022-23. DATE OF MATURITY 18/04/2024.. 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 21Apr22. 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.