7.30% Cholamandalam Investment And Fin. Co. Ltd - AA Rated (INE121A07QM4)

Cholamandalam Investment And Fin. Co. Ltd, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE121A07QM4, with a face value of ₹10,00,000 rs on 29Mar22 to raise 270 crores. The debt instrument is issued with a coupon rate of 7.30% 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 Secured Debenture is 7.30% SECURED RATED LISTED NON CONVERTIBLE DEBENTURE .SERIES 618.DATE OF MATURITY 29/03/2027. This instrument is issued in Private Placement (EBP) mode. It has Simple coupon type with Full Redemption option. The Debenture is listed on NSE stock exchange on 30Mar22. INDIA RATING AND RESEARCH PVT. LTD has given AA+ rating to this Debenture on 08Feb22. This issuer is formerly known as CHOLAMANDALAM DBS FINANCE LIMITED Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.