10.25% Shriram Transport Finance Company Limited - AA Rated (INE721A08DE4)

Shriram Transport Finance Company Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE721A08DE4, with a face value of ₹10,00,000 rs on 31Dec18 to raise 550 crores. The debt instrument is issued with a coupon rate of 10.25% and its interest is paid Monthly. 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 10.25 % UNSECURED RATED LISTED NON CONVERTIBLE DEBENTURES SERIES DEC 18-19 PP SD-03. DATE OF MATURITY  27/12/2024. This instrument is issued in Private Placement mode. It has Simple coupon type with Full Redemption option. The Debenture is listed on NSE stock exchange on 10Jan19 & on BSE stock exchange on 11Jan19. INDIA RATING AND RESEARCH PVT. LTD has given AA+ rating to this Debenture on 24Dec18. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.