9% Shriram Transport Finance Company Limited - AA Rated (INE721A08DA2)

Shriram Transport Finance Company Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE721A08DA2, with a face value of ₹10,00,000 rs on 28Mar18 to raise 995 crores. The debt instrument is issued with a coupon rate of 9% 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 Unsecured Debenture is 9% UNSECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURES. SERIES SUB 17-18 02 OPTION I. DATE OF MATURITY 28/03/2028. This instrument is issued in Private Placement mode. It has Simple coupon type with Full Redemption option. The Debenture is listed on NSE stock exchange on 11Apr18 & on BSE stock exchange on 12Apr18. INDIA RATING AND RESEARCH PVT. LTD has given AA+ rating to this Debenture on 26Mar18. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.