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Instrument Details

ISIN: INE115A07NR2

Face value

₹10,00,000

Coupon rate

8.70%

Payment

Annually

Tax Type

Taxable

Issue Size (Cr)

1522.4

Instrument Type

Debenture

Returns

High

Date of Issue

24 Dec 2018

Maturity Date

24 Dec 2025

Perpetual

Yes

Listing Status

Listed

Rating status

AAA (CRISIL Ratings)

Call Option

Not Available

Put Option

Not Available

Security with Collaterals

Secured

Asset Coverage

Principal + Interest

Seniority in Repayment

None

Guarantee Type

Non Convertible

About this Bond

LIC HOUSING FINANCE LIMITED 373OPT2 8.70NCD24DC25 FV10LAC LOAUPTO27DC18
Lic Housing Finance Limited, a Housing Finance Company company, has floated Debenture, having ISIN value as INE115A07NR2, with a face value of ₹10,00,000 rs on 24Dec18 to raise 1522.4 crores. The debt instrument is issued with a coupon rate of 8.70% 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 8.70% SECURED RATED LISTED NON CONVERTIBLE REDEEMABLE DEBENTURES TRANCHE 373 OPTION 2. LETTER OF ALLOTMENT. DATE OF MATURITY 24/12/2025. 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 03Jan19 & on NSE stock exchange on 03Jan19. CRISIL RATINGS LIMITED has given AAA rating to this Debenture on 06Dec18. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.

Rating (Debt Quality)

Instrument Rating
AAA
Highest Safety
AAA
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Date Verified
28 Feb 2022
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Outlook
Stable
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Seniority in Repayment
None
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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
24-Dec-18 : Your investment
₹87,00,000
24-Dec-19 : Interest
₹87,00,000
24-Dec-20 : Interest
₹87,00,000
24-Dec-21 : Interest
₹87,00,000
24-Dec-22 : Interest
₹87,00,000
24-Dec-23 : Interest
₹87,00,000
24-Dec-24 : Interest
₹87,00,000
24-Dec-25 : Interest
₹16,09,00,000
24-Dec-25 : Maturity amount (Investment: ₹10,00,00,000, Interest earned: ₹6,09,00,000)

Summary

Instrument Attributes

Value

Coupon Rate

8.70%

Returns

High

Bond Rating

AAA

Seniority in Repayment

None

Instrument Category

Non Convertible

About the issuer

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

FAQs about INE115A07NR2 issued by Lic Housing Finance Limited

The instrument name of INE115A07NR2 ISIN is LIC HOUSING FINANCE LIMITED 373OPT2 8.70NCD24DC25 FV10LAC LOAUPTO27DC18.
The interest earned from INE115A07NR2 bond issued by Lic Housing Finance Limited is paid Annually, ensuring regular and consistent income for investors.
This INE115A07NR2 bond issued by Lic Housing Finance Limited has been assigned a credit rating of AAA by CRISIL RATINGS LIMITED, directly indicating the issuer's creditworthiness and the probability of default.
This Debenture offers a coupon rate of 8.7%, which determines the periodic interest payments made to bondholders.
The INE115A07NR2 Debenture is issued by Lic Housing Finance Limited, a Private Sector company.
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