9.30% Shriram Transport Finance Company Limited - AA Rated (INE721A07ON4)

Shriram Transport Finance Company Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE721A07ON4, with a face value of ₹1,000 rs on 06Feb19 to raise 26.3803 crores. The debt instrument is issued with a coupon rate of 9.30% and its interest is paid Monthly. 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 9.30% SECURED LISTED REDEEMABLE NON CONVERTIBLE DEBENTUTRES. SERIES II. CATEGORY I, II, III, IV DATE OF MATURITY 06/02/2029. This instrument is issued in Public Issue mode. It has Simple coupon type with Full Redemption option. The Debenture is listed on NSE stock exchange on 08Feb19 & on BSE stock exchange on 08Feb19. INDIA RATING AND RESEARCH PVT. LTD has given AA+ rating to this Debenture on 27Dec18. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.