9.05% Shriram Transport Finance Company Limited - AA Rated (INE721A07KP7)

Shriram Transport Finance Company Limited, a Non-Banking Financial Company (NBFC) company, has floated Bond, having ISIN value as INE721A07KP7, with a face value of ₹10,00,000 rs on 19Jul16 to raise 75 crores. The debt instrument is issued with a coupon rate of 9.05% 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 Bond is 9.05% SECURED REDEEMABLE NON CONVERTIBLE PARTLY PAID DEBENTURES. SERIES PPD 16-17 D-04. DATE OF MATURITY 19/07/2023. This instrument is issued in Private Placement mode. It has Simple coupon type with Full Redemption option. The Bond is listed on BSE stock exchange on 04Aug16. INDIA RATING AND RESEARCH PVT. LTD has given AA+ rating to this Bond on 28Jun16. Neither the Principal nor the Interest is covered for this Bond. Yes, this debt instrument is Perpetual In Nature.