Kanakadurga Finance Ltd - BBB Rated (INE104W07120)

Kanakadurga Finance Ltd, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE104W07120, with a face value of ₹1,00,000 rs on 28Mar22 to raise 15 crores. The debt instrument is issued with a coupon rate of 3MTBILL LINKED 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 Secured Debenture is 3MTBILL LINKED SECURED UNLISTED RATED NON CONVERTIBLE DEBENTURES. DATE OF MATURTIY 28/03/2024. This instrument is issued in Private Placement (non-EBP) mode. It has Simple coupon type with Partial Redemption By Face Value option. The Bond is Not listed on any stock exchange. CARE RATINGS LIMITED has given BBB rating to this Debenture on 28Mar22. 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.