Madura Micro Finance Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE500S07119, with a face value of ₹1,00,000 rs on 23Dec20 to raise 37.5 crores. The debt instrument is issued with a coupon rate of 9.80% 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 9.80% SECURED RATED UNLISTED TRANSFERABLE REDEEMABLE NON CONVERTIBLE DEBENTURES. DATE OF MATURITY 23/04/2024.. This instrument is issued in Private Placement mode. It has Simple coupon type with Full Redemption option. The Bond is Not listed on any stock exchange. ICRA LIMITED has given AA- rating to this Debenture on 28Mar23. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.