Asirvad Micro Finance Limited - AA Rated (INE516Q08240)

Asirvad Micro Finance Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE516Q08240, with a face value of ₹75,000 rs on 27Aug18 to raise 50 crores. The debt instrument is issued with a coupon rate of LINKED TO SBI MCLR and its interest is paid Semi 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 1 YEAR SBI MCLR LINKED UNSECURED RATED LISTED REDEEMABEL NON CONVERTIBLE DEBENTURES. SERIES 1-5000. DATE OF MATURITY 27/08/2020. This instrument is issued in Private Placement mode. It has Simple coupon type with Partial Redemption By Face Value option. The Debenture is listed on BSE stock exchange on 18Sep18. CRISIL RATINGS LIMITED has given AA- rating to this Debenture on 17Aug18. This issuer is formerly known as ASIRVAD MICRO FINANCE PRIVATE LIMITED Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.