11.75% Svasti Microfinance Private Limited - BBB Rated (INE513Q07157)

Svasti Microfinance Private Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE513Q07157, with a face value of ₹500 rs on 25Mar22 to raise 22.4085 crores. The debt instrument is issued with a coupon rate of 11.75% and its interest is paid Semi 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 11.75% SECURED RATED UNLISTED REDEEMABLE NON CONVERTIBLE DEBENTURES. DATE OF MATURITY 25/03/2027.. This instrument is issued in Private Placement (non-EBP) mode. It has Simple coupon type with Partial Redemption By Face Value option. The Bond is Not listed on any stock exchange. CARE RATINGS LIMITED has given BBB rating to this Debenture on 25Mar22. This issuer is formerly known as SVASTI MICROFINANCE LIMITED, EASY HOUSING AND FINANCE LIMITED Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.