9.05% Cholamandalam Investment And Fin. Co. Ltd - AA Rated (INE121A08OG9)

Cholamandalam Investment And Fin. Co. Ltd, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE121A08OG9, with a face value of ₹10,00,000 rs on 26Mar18 to raise 530 crores. The debt instrument is issued with a coupon rate of 9.05% and its interest is paid Annually. 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 9.05% UNSECURED RATED LISTED REDEEMABLE NON CONVERTIBLE SUBORDINATED DEBENTURES. SERIES SD56. DATE OF MATURITY 24/03/2028. This instrument is issued in Private Placement mode. It has Simple coupon type with Full Redemption option. The Debenture is listed on NSE stock exchange on 12Apr18. INDIA RATING AND RESEARCH PVT. LTD has given AA+ rating to this Debenture on 22Dec17. This issuer is formerly known as CHOLAMANDALAM DBS FINANCE LIMITED Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.