8.85% Il&fs Financial Services Limited - D Rated (INE121H07AT8)

Il&fs Financial Services Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE121H07AT8, with a face value of ₹1,000 rs on 31Mar16 to raise 75 crores. The debt instrument is issued with a coupon rate of 8.85% 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 Secured Debenture is 8.85% SECURED REDEEMABLE NON-CONVERTIBLE DEBENTURES. SERIES 2016 VI. DATE OF MATURITY 31/03/2026. 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 21Apr16. INDIA RATING AND RESEARCH PVT. LTD has given D rating to this Debenture on 22Mar16. 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.