13.50% Svatantra Microfin Private Limited - A Rated (INE00MX07104)

Svatantra Microfin Private Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE00MX07104, with a face value of ₹3,33,330 rs on 16Jun20 to raise 60 crores. The debt instrument is issued with a coupon rate of 13.50% 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 13.5% SECURED RATED UNLISTED TAXABLE, TRANSFERABLE, REDEEMABLE NON CONVERTIBLE DEBENTURES. DATE OF MATURITY 21/04/2023. This instrument is issued in Private Placement mode. It has Simple coupon type with Partial Redemption By Face Value option. The Bond is Not listed on any stock exchange. 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.