M Power Microfinance Private Limited - BBB Rated (INE131R07057)

M Power Microfinance Private Limited, a Finance company, has floated Debenture, having ISIN value as INE131R07057, with a face value of ₹10,00,000 rs on 30Sep19 to raise 8 crores. The debt instrument is issued with a coupon rate of 14% XIRR 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 14% XIRR SECURED RATED UNLISTED REDEEMABLE NON CONVERTIBLE DEDEBENTURES. DATE OF MATURITY 01/10/2020. 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 BBB+(CE) rating to this Debenture on 27Sep19. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.