Shriram Transport Finance Company Limited - AA Rated (INE721A07QC2)

Shriram Transport Finance Company Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE721A07QC2, with a face value of ₹10,00,000 rs on 02Dec20 to raise 365.2 crores. The debt instrument is issued with a coupon rate of GSEC LINKED REFER REMARKS 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 10 YEAR G SEC LINKED SENIOR SECURED RATED LISTED PRINCIPAL PROTECTED MARKET LINKED NON - CONVERTIBLE DEBENTURE. SERIES STFCL DEC 2020-21 PPML Y-01. DATE OF MATURITY 02/12/2022. This instrument is issued in Private Placement mode. It has Simple coupon type with Full Redemption option. The Debenture is listed on BSE stock exchange on 15Feb21. CRISIL RATINGS LIMITED has given PP-MLD AA+r rating to this Debenture on 01Dec20. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.