7.3%. If the credit rating of the debentures is downgraded by any rating agency, the coupon rate will be increased by 0.25% for every notch of downgrade in the credit rating. If the credit rating of the debentures is upgraded by any rating agency, the coupon rate will be decreased by 0.25% for every notch of upgrade.

SMFG India Credit Company Limited

Instruments with this rating are considered to have the highest degree of safety regarding timely servicing of financial obligations. Such instruments carry lowest credit risk.