9.60% Sundaram Finance Limited - AAA Rated (INE660A08BS8)

Sundaram Finance Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE660A08BS8, with a face value of ₹10,00,000 rs on 27Nov14 to raise 50 crores. The debt instrument is issued with a coupon rate of 9.60% 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 9.60% UNSECURED REDEEMABLE NON CONVERTIBLE SUBORDINATED DEBENTURES. SERIES N-52. DATE OF MATURITY 27/11/2024. 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 11Dec14 & on BSE stock exchange on 11Dec14. CRISIL RATINGS LIMITED has given AAA rating to this Debenture on 14Nov14. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.