12.25% Neogrowth Credit Private Limited - BBB Rated (INE814O07378)

Neogrowth Credit Private Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE814O07378, with a face value of ₹1,00,000 rs on 27Aug22 to raise 30.8 crores. The debt instrument is issued with a coupon rate of 12.25% 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 Secured Debenture is 12.25% SECURED UNRATED UNLISTED REDEEMABLE NON CONVERTIBLE DEBENTURES. SERIES 2022-23/S/NCD/002. DATE OF MATURITY 26/08/2027. This instrument is issued in Private Placement (non-EBP) mode. It has Simple coupon type with Partial Redemption By Face Value option. The Bond is Not listed on any stock exchange. ICRA LIMITED has given BBB+ rating to this Debenture on 15Feb24. This issuer is formerly known as BPJ CREDIT & INVESTMENTS PRIVATE LIMITED Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.