15.25% Kanakadurga Finance Ltd - BBB Rated (INE104W08045)

Kanakadurga Finance Ltd, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE104W08045, with a face value of ₹10 rs on 29Dec18 to raise 10 crores. The debt instrument is issued with a coupon rate of 15.25% 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 Unsecured Debenture is 15.25% UNSECURED RATED UNLISTED REDEEMABLE NON CONVERTIBLE DEBENTURES. DATE OF MATURITY 01/05/2024. 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 29Dec18. 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.