4.85% Sundaram Finance Limited - AAA Rated (INE660A07RB2)

Sundaram Finance Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE660A07RB2, with a face value of ₹10,00,000 rs on 24Sep21 to raise 500 crores. The debt instrument is issued with a coupon rate of 4.85% and its interest is paid on Maturity. 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 4.85% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURES. SERIES V8.DATE OF MATURITY 22/09/2023. This instrument is issued in Private Placement (EBP) mode. It has Simple coupon type with Full Redemption option. The Debenture is listed on NSE stock exchange on 28Sep21. ICRA LIMITED has given AAA rating to this Debenture on 10Nov23. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.