10.37% Phoenix Arc Private Limited - AA Rated (INE163K07063)

Phoenix Arc Private Limited, a Other Financial Services company, has floated Debenture, having ISIN value as INE163K07063, with a face value of ₹10,00,000 rs on 12Dec19 to raise 50 crores. The debt instrument is issued with a coupon rate of 10.37% 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 Secured Debenture is 10.37% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURES. DATE OF MATURITY 12/12/2022. 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 17Dec19 & on BSE stock exchange on 17Dec19. CRISIL RATINGS LIMITED has given AA rating to this Debenture on 10Dec19. This issuer is formerly known as PHOENIX ARC LTD Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.