Incred Financial Services Limited - AA Rated (INE945W07282)

Incred Financial Services Limited, a Finance company, has floated Debenture, having ISIN value as INE945W07282, with a face value of ₹10,00,000 rs on 01Jun21 to raise 25 crores. The debt instrument is issued with a coupon rate of NIFTY 50 INDEX LINKED 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 NIFTY50 LINKED SECURED RATED LISTED REDEEMABLE PRINCIPAL PROTECTED MARKET LINKED NON-CONVERTIBLE DEBENTURES. IFSL/2021-2022/MLD/004.DATE OF MATURITY 04/10/2024. 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 04Jun21. CRISIL RATINGS LIMITED has given PP-MLD AA- rating to this Debenture on 22May21. This issuer is formerly known as KKR INDIA FINANCIAL SERVICES PRIVATE LIMITED, MULTIFLOW FINANCIAL SERVICES PVT LTD Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.