10.00% Northern Arc Capital Limited - AA Rated (INE850M07343)

Northern Arc Capital Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE850M07343, with a face value of ₹10,00,000 rs on 18Dec20 to raise 294.9 crores. The debt instrument is issued with a coupon rate of 10.00% 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 9.9960% SECURED RATED UNLISTED NON-CONVERTIBLE DEBENTURES. DATE OF MATURITY 18/12/2025.. This instrument is issued in Private Placement mode. It has Simple coupon type with Partial Redemption By Face Value option. The Bond is Not listed on any stock exchange. INDIA RATING AND RESEARCH PVT. LTD has given AA- rating to this Debenture on 03Dec20. This issuer is formerly known as IFMR CAPITAL FINANCE LIMITED, IFMR CAPITAL FINANCE PRIVATE LIMITED, HIGHLAND LEASING AND FINANCE PRIVATE LIMITED Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.