Iifl Wealth Management Limited - AA Rated (INE466L07027)

Iifl Wealth Management Limited, a Other Financial Services company, has floated Debenture, having ISIN value as INE466L07027, with a face value of ₹10,00,000 rs on 27Dec21 to raise 249.8 crores. The debt instrument is issued with a coupon rate of GSEC LINKED and its interest is paid on Maturity. 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 GSEC LINKED SECURED RATEDE LISTED PRINCIPAL PROTECTED MARKET LINKED NON CONVERTYIBLE DEBENTURE.SERIES IIFLWM-7%-15MAY2025.DATE OF MATUEIRITY 15/05/2025. This instrument is issued in Private Placement (non-EBP) mode. It has Simple coupon type with Full Redemption option. The Debenture is listed on BSE stock exchange on 31Dec21. ICRA LIMITED has given PP-MLD AA rating to this Debenture on 29Feb24. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.