Instrument Details

ISIN: INE148I07EL8

Face value

₹10,00,000

Coupon rate

9%

Payment

Annually

Tax Type

Taxable

Issue Size (Cr)

35

Instrument Type

Debenture

Returns

High

Date of Issue

12 Apr 2016

Maturity Date

04 Nov 2026

Perpetual

Yes

Listing Status

Listed

Rating status

AA- (CARE Ratings)

Call Option

Not Available

Put Option

Not Available

Security with Collaterals

Secured

Asset Coverage

Principal + Interest

Seniority in Repayment

Senior

Guarantee Type

Non Convertible

About this Bond

INDIABULLS HOUSING FINANCE LIMITED OPTION III 9 NCD11AP26 FVRS10LACLOAUPTO06AP16
Indiabulls Housing Finance Limited, a Housing Finance Company company, has floated Debenture, having ISIN value as INE148I07EL8, with a face value of ₹10,00,000 rs on 12Apr16 to raise 35 crores. The debt instrument is issued with a coupon rate of 9% 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 9% SECURED REDEEMABLE NON CONVERTIBLE DEBENTURES. LETTER OF ALLOTMENT. OPTION III. DATE OF MATURITY 11/04/2026. 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 26Apr16 & on NSE stock exchange on 26Apr16. CARE Ratings Limited has given AA- rating to this Debenture on 12Apr16. 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
10 Oct 2023
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Outlook
Stable
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Seniority in Repayment
Senior
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Security
Secured
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
12-Apr-16 : Your investment
₹90,00,000
12-Apr-17 : Interest
₹90,00,000
12-Apr-18 : Interest
₹90,00,000
12-Apr-19 : Interest
₹90,00,000
12-Apr-20 : Interest
₹90,00,000
12-Apr-21 : Interest
₹90,00,000
12-Apr-22 : Interest
₹90,00,000
12-Apr-23 : Interest
₹90,00,000
12-Apr-24 : Interest
₹90,00,000
12-Apr-25 : Interest
₹90,00,000
12-Apr-26 : Interest
₹51,28,767
04-Nov-26 : Interest
₹19,51,28,767
04-Nov-26 : Maturity amount (Investment: ₹10,00,00,000, Interest earned: ₹9,51,28,767)

Summary

Instrument Attributes

Value

Coupon Rate

9%

Returns

High

Bond Rating

AA-

Seniority in Repayment

Senior

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 INE148I07EL8 issued by Indiabulls Housing Finance Limited

The instrument name of INE148I07EL8 ISIN is INDIABULLS HOUSING FINANCE LIMITED OPTION III 9 NCD11AP26 FVRS10LACLOAUPTO06AP16.
The interest earned from INE148I07EL8 bond issued by Indiabulls Housing Finance Limited is paid Annually, ensuring regular and consistent income for investors.
This INE148I07EL8 bond issued by Indiabulls Housing Finance Limited has been assigned a credit rating of AA- by CARE Ratings Limited, directly indicating the issuer's creditworthiness and the probability of default.
This Debenture offers a coupon rate of 9%, which determines the periodic interest payments made to bondholders.
The INE148I07EL8 Debenture is issued by Indiabulls Housing Finance Limited, a Private Sector company.