6.94% Gic Housing Finance Limited - AA Rated (INE289B07040)

Gic Housing Finance Limited, a Housing Finance Company company, has floated Debenture, having ISIN value as INE289B07040, with a face value of ₹10,00,000 rs on 30Mar21 to raise 195 crores. The debt instrument is issued with a coupon rate of 6.94% 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 Secured Debenture is 6.94% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURE.SERIES 4.LETTER OF ALLOTMENT. DATE OF MATURITY: 30/03/2023. 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 31Mar21. CRISIL RATINGS LIMITED has given AA+ rating to this Debenture on 18Mar21. This issuer is formerly known as GIC GRIH VITTA LTD. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.