8.75% Shivalik Small Finance Bank Limited (INE0E3P08094)

Shivalik Small Finance Bank Limited, a Public Sector Bank company, has floated Debenture, having ISIN value as INE0E3P08094, with a face value of ₹5,00,000 rs on 27Mar22 to raise 8.5 crores. The debt instrument is issued with a coupon rate of 8.75% 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 8.75% UNSECURED UNRATED UNLISTED SUBORDINATE TIER 2 NON CONVERTIBLE DEBENTURE.SERIES IV.DATE OF MATURITY 26/03/2029. 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. This debt instrument is Unrated. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.