10.21% Margdarshak Financial Services Limited - D Rated (INE189Y07028)

Margdarshak Financial Services Limited, a Finance company, has floated Bond, having ISIN value as INE189Y07028, with a face value of ₹10,00,000 rs on 05Dec19 to raise 7 crores. The debt instrument is issued with a coupon rate of 10.21% and its interest is paid Quarterly. 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 Bond is 10.21% SECURED RATED UNLISTED REDEEMABLE NON CONVERTIBLE BONDS. SERIES 1-70. LETTER OF ALLOTMENT. DATE OF MATURITY 05/12/2022. 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. BRICKWORK RATINGS INDIA PRIVATE LIMITED has given D rating to this Bond on 26Nov19. This issuer is formerly known as CRONY LEASING AND FINANCE LIMITED Neither the Principal nor the Interest is covered for this Bond. Yes, this debt instrument is Perpetual In Nature.