9.60% Shriram Transport Finance Company Limited - AA Rated (INE721A07FZ6)

Shriram Transport Finance Company Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE721A07FZ6, with a face value of ₹10,00,000 rs on 15Jul13 to raise 9.6 crores. The debt instrument is issued with a coupon rate of 9.60% 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 9.60% SECURED REDEEMABLE NON-CONVERTIBLE DEBENTURES. SERIES T SCACR 044. DATE OF MATURITY 15/07/2023. 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 26Jul13. CRISIL RATINGS LIMITED has given AA+ rating to this Debenture on 20Jun13. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.