Dhanlaxmi Bank Limited, a Finance company, has floated Bond, having ISIN value as INE680A08081, with a face value of ₹10,00,000 rs on 29Mar18 to raise 150 crores. The debt instrument is issued with a coupon rate of 11% and its interest is paid Semi 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 Bond is 11% UNSECURED RATED LISTED REDEEMABLE NON CONVERTIBLE BASEL III COMPLIANT SUBORDINATED TIER II BONDS IN THE NATURE OF DEBENTURES. SERIES XV. LETTER OF ALLOTMENT. DATE OF MATURITY 29/03/2025. This instrument is issued in Private Placement mode. It has Simple coupon type with Not Applicable option. The Bond is listed on NSE stock exchange on 11Apr18. CARE RATINGS LIMITED has given BB+ rating to this Bond on 29Mar18. This issuer is formerly known as THE DHANALAKSHMI BANK LIMITED Neither the Principal nor the Interest is covered for this Bond. Yes, this debt instrument is Perpetual In Nature.