By Sarah Lizee
Olympia, Wash., Dec. 14 – Parnami Credits Ltd. informed the Bombay Stock Exchange that it has allotted Rs. 10 million more 12% unsecured nonconvertible debentures due 2023 in a fifth tranche, bringing the current issue size to Rs. 67.5 million.
The company plans to issue a total of Rs. 135 million of the debentures.
Interest is payable monthly.
The issuer is a Mumbai, India-based financial services provider.
Issuer: | Parnami Credits Ltd.
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Issue: | Unsecured nonconvertible debentures
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Amount: | Rs. 10 million
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Maturity: | Dec. 13, 2023
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Coupon: | 12%, payable monthly
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Allotment date: | Dec. 14
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Total issue size: | Rs. 67.5 million
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