12.90% Svatantra Microfin Private Limited - AA Rated (INE00MX08045)

Svatantra Microfin Private Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE00MX08045, with a face value of ₹10,00,000 rs on 30Mar21 to raise 60 crores. The debt instrument is issued with a coupon rate of 12.90% 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 12.90% UNSECURED RATED LISTED SUBORDINATED TIER II TAXABLE REDEEMABLE NON CONVERTIBLE DEBENTURES. DATE OF MATURITY 30/09/2026. 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 01Apr21. CRISIL RATINGS LIMITED has given AA- rating to this Debenture on 12Mar21. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.