9.85% Shriram City Union Finance Limited - AA Rated (INE722A07AB6)

Shriram City Union Finance Limited, a Financial Institution company, has floated Debenture, having ISIN value as INE722A07AB6, with a face value of ₹1,000 rs on 25Sep19 to raise 52.2732 crores. The debt instrument is issued with a coupon rate of 9.85% and its interest is paid 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 9.85% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURE. TRANCHE 2 SERIES VI. DATE OF MATURITY : 25/09/2024. This instrument is issued in Public Issue mode. It has Simple coupon type with Full Redemption option. The Debenture is listed on BSE stock exchange on 27Sep19. CRISIL RATINGS LIMITED has given AA+ rating to this Debenture on 06Dec18. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.