Instrument Details

ISIN: INE800X08020

Face value

₹10,00,000

Coupon rate

7.85%

Payment

Annually

Tax Type

Taxable

Issue Size (Cr)

125

Instrument Type

Debenture

Returns

Medium

Date of Issue

05 Mar 2021

Maturity Date

03 May 2031

Perpetual

Yes

Listing Status

Listed

Rating status

AA+ (CRISIL Ratings)

Call Option

Not Available

Put Option

Not Available

Security with Collaterals

Unsecured

Asset Coverage

-

Seniority in Repayment

Subordinate Tier 2

Guarantee Type

Non Convertible

About this Bond

HERO HOUSING FINANCE LIMITED SR 04 7.85 NCD 05MR31 FVRS10LAC
Hero Housing Finance Limited, a Housing Finance Company company, has floated Debenture, having ISIN value as INE800X08020, with a face value of ₹10,00,000 rs on 05Mar21 to raise 125 crores. The debt instrument is issued with a coupon rate of 7.85% 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 7.85% UNSECURED LISTED RATED SUBORDINATED REDEEMABLE NON CONVERTIBLE DEBENTURES. HHFL/NCD/04. DATE OF MATURITY 05/03/2031. 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 10Mar21. CRISIL RATINGS LIMITED has given AA+ rating to this Debenture on 24Feb21. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.

Rating (Debt Quality)

Instrument Rating
AA
High Safety
AA+
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Date Verified
28 Feb 2022
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Outlook
Stable
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Seniority in Repayment
Subordinate Tier 2
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Security
Unsecured
Investment Calculation (Pre-Tax)

Below is an indicative cash-flow on investment, actual cash-flow may differ.

Face Value
₹10,00,000
Lot Size
100
Minimum Investment
₹10,00,00,000

Cashflow

₹10,00,00,000
05-Mar-21 : Your investment
₹78,50,000
05-Mar-22 : Interest
₹78,50,000
05-Mar-23 : Interest
₹78,50,000
05-Mar-24 : Interest
₹78,50,000
05-Mar-25 : Interest
₹78,50,000
05-Mar-26 : Interest
₹78,50,000
05-Mar-27 : Interest
₹78,50,000
05-Mar-28 : Interest
₹78,50,000
05-Mar-29 : Interest
₹78,50,000
05-Mar-30 : Interest
₹78,50,000
05-Mar-31 : Interest
₹17,85,00,000
03-May-31 : Maturity amount (Investment: ₹10,00,00,000, Interest earned: ₹7,85,00,000)

Summary

Instrument Attributes

Value

Coupon Rate

7.85%

Returns

Medium

Bond Rating

AA+

Seniority in Repayment

Subordinate Tier 2

Instrument Category

Non Convertible

About the issuer

Basic Industry
BASIC INDUSTRY
Housing Finance Company
Head Office
HEAD OFFICE
New Delhi
Sector name
SECTOR
Financial Services
Issuer ownership
ISSUER OWNERSHIP
Private Sector

FAQs about INE800X08020 issued by Hero Housing Finance Limited

The instrument name of INE800X08020 ISIN is HERO HOUSING FINANCE LIMITED SR 04 7.85 NCD 05MR31 FVRS10LAC.
The interest earned from INE800X08020 bond issued by Hero Housing Finance Limited is paid Annually, ensuring regular and consistent income for investors.
This INE800X08020 bond issued by Hero Housing Finance Limited has been assigned a credit rating of AA+ by CRISIL RATINGS LIMITED, directly indicating the issuer's creditworthiness and the probability of default.
This Debenture offers a coupon rate of 7.85%, which determines the periodic interest payments made to bondholders.
The INE800X08020 Debenture is issued by Hero Housing Finance Limited, a Private Sector company.