12.30% Kanakadurga Finance Ltd - BBB Rated (INE104W07096)

Kanakadurga Finance Ltd, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE104W07096, with a face value of ₹1,00,000 rs on 29Apr21 to raise 35 crores. The debt instrument is issued with a coupon rate of 12.30% 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 Secured Debenture is 12.30% SECURED UNLISTED RATED REDEEMABLE NON CONVERTIBLE DEBENTURES. DATE OF MATURTIY 29/04/2024. This instrument is issued in Private Placement mode. It has Simple coupon type with Full Redemption option. The Bond is Not listed on any stock exchange. CARE RATINGS LIMITED has given BBB rating to this Debenture on 29Apr21. This issuer is formerly known as KANADURGA LEASING AND FINANCE LTD, KANAKADURGA LEASING AND FINANCE PVT LTD, Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.