11.50% Svatantra Microfin Private Limited - A Rated (INE00MX07013)

Svatantra Microfin Private Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE00MX07013, with a face value of ₹10,00,000 rs on 01Jun20 to raise 15 crores. The debt instrument is issued with a coupon rate of 11.50% and its interest is paid Quarterly. 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 11.5% SECURED RATED LISTED SENIOR REDEEMABLE TAXABLE NON CONVERTIBLE DEBENTURES. DATE OF MATURITY 01/06/2023. 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 07Jul20. CRISIL RATINGS LIMITED has given A+ rating to this Debenture on 26May20. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.