8.88% Il&fs Financial Services Limited - D Rated (INE121H07AN1)

Il&fs Financial Services Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE121H07AN1, with a face value of ₹1,000 rs on 23Mar16 to raise 100 crores. The debt instrument is issued with a coupon rate of 8.88% and its interest is paid on Maturity. 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 8.8841% SECURED REDEEMABLE NON-CONVERTIBLE DEBENTURES. SERIES 2016 IV. DATE OF MATURITY 15/05/2019. 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 06Apr16. CARE Ratings Limited has given D rating to this Debenture on 23Mar16. This issuer is formerly known as IL&FS FINVEST LIMITED, IL&FS ASSET MANAGEMNET COMPANY LIMITED Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.