Provincial Finance And Leasing Co Private Limited - BBB Rated (INE0L6807021)

Provincial Finance And Leasing Co Private Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE0L6807021, with a face value of ₹10,00,000 rs on 27May22 to raise 336.7 crores. The debt instrument is issued with a coupon rate of UNDERLYING INVESTMENT STRATEGY 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 MARKET LINKED SECURED RATED LISTED NON CONVERTIBLE DEBENTURE. SERIES B. DATE OF MATURITY 11/06/2025.. This instrument is issued in Private Placement (non-EBP) mode. It has Simple coupon type with Full Redemption option. The Debenture is listed on NSE stock exchange on 01Jun22. Acuite Ratings And Research Limited has given PP-MLD BBB- rating to this Debenture on 20May22. This issuer is formerly known as PROVINCIAL FINANCE AND LEASING CO LIMITED Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.