Sindhuja Microcredit Private Limited - BBB Rated (INE0FWI07047)

Sindhuja Microcredit Private Limited, has floated Debenture, having ISIN value as INE0FWI07047, with a face value of ₹10,00,000 rs on 05Aug22 to raise 22 crores. The debt instrument is issued with a coupon rate of SBI MCLR LINKED 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 SBI MCLR LINKED SECURED RATED UNLISTED REDEEMABLE NON CONVERTIBLE DEBENTURES. DATE OF MATURITY 07/03/2025. This instrument is issued in Private Placement (non-EBP) 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 rating to this Debenture on 05Aug22. This issuer is formerly known as SINDHUJA FINTECH PRIVATE LIMITED Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.