11.77% Svatantra Microfin Private Limited - AA Rated (INE00MX08052)

Svatantra Microfin Private Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE00MX08052, with a face value of ₹10,00,000 rs on 30Nov21 to raise 125 crores. The debt instrument is issued with a coupon rate of 11.77% and its interest is paid Monthly. 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 11.77% UNSECURED RATED UNLISTED SUBORDINATED REDEEMABLE NON CONVERTIBLE DEBENTURES. DATE OF MATURITY 30/11/2027. This instrument is issued in Private Placement (non-EBP) 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 25Nov21. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.