10% Iifl Wealth Prime Limited - AA Rated (INE248U08028)

Iifl Wealth Prime Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE248U08028, with a face value of ₹5,00,000 rs on 02Mar17 to raise 50 crores. The debt instrument is issued with a coupon rate of 10% 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 10% UNSECURED NON-CONVERTIBLE SUBORDINATED PERPETUAL DEBT INTHE NATURE OF DEBENTURES. SERIES IIFLWF-10%-MARCH2027. 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. ICRA LIMITED has given PP-MLD AA rating to this Debenture on 04Nov16. This issuer is formerly known as IIFL WEALTH FINANCE LIMITED, CHEPHIS CAPITAL MARKETS LIMITED Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.