13.75% Svatantra Microfin Private Limited - AA Rated (INE00MX08029)

Svatantra Microfin Private Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE00MX08029, with a face value of ₹10 rs on 31Mar20 to raise 15 crores. The debt instrument is issued with a coupon rate of 13.75% 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 Unsecured Debenture is 13.75% UNSECURED RATED SUBORDINATED REDEEMABLE TAXABLE DEMATERIALIZED TRANSFERABLE UNLISTED NON CONVERTIBLE DEBENTURES. DATE OF MATURITY 31/03/2026. This instrument is issued in Private Placement mode. It has Simple coupon type with Full Redemption option. The Bond is Not listed on any stock exchange. CRISIL RATINGS LIMITED has given AA- rating to this Debenture on 08Jan20. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.