10.65% Shriram Transport Finance Company Limited - AA Rated (INE721A08CE6)

Shriram Transport Finance Company Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE721A08CE6, with a face value of ₹10,00,000 rs on 02May13 to raise 23.5 crores. The debt instrument is issued with a coupon rate of 10.65% 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 Unsecured Debenture is 10.65% UNSECURED REDEEMABLE NON CONVERTIBLE DEBENTURE (SUB DEBT). SERIES R-08. LETTER OF ALLOTMENT. DATE OF MATURITY 02/05/2023. 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 17May13. CRISIL RATINGS LIMITED has given AA+ rating to this Debenture on 08Feb13. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.