Shriram Transport Finance Company Limited - AA Rated (INE721A07NZ0)

Shriram Transport Finance Company Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE721A07NZ0, with a face value of ₹1,000 rs on 12Jul18 to raise 90.2587 crores. The debt instrument is issued with a coupon rate of 0% and its interest is paid Never. 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 SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTUTRES. TRANCHE I SERIES VII. DATE OF MATURITY 12/07/2023. This instrument is issued in Public Issue mode. It has Simple coupon type with Full Redemption option. The Debenture is listed on NSE stock exchange on 17Jul18. INDIA RATING AND RESEARCH PVT. LTD has given AA+ rating to this Debenture on 08Jun18. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.