9% Poonawalla Fincorp Limited - AAA Rated (INE511C07599)

Poonawalla Fincorp Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE511C07599, with a face value of ₹10,00,000 rs on 06Apr17 to raise 50 crores. The debt instrument is issued with a coupon rate of 9% 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 9% SECURED REDEEMABLE NON CONVERTIBLE DEBENTURES. SERIES PPP. DATE OF MATURITY 06/04/2024. This instrument is issued in Private Placement mode. It has Simple coupon type with Full Redemption option. The Debenture is listed on BSE stock exchange on 18Apr17. CARE Ratings Limited has given AAA rating to this Debenture on 06Apr17. This issuer is formerly known as MAGMA FINCORP LIMITED, MAGMA SHRACHI FINANCE LIMITED Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.