9% Indiabulls Housing Finance Limited - AA Rated (INE148I07DK2)

Indiabulls Housing Finance Limited, a Housing Finance Company company, has floated Debenture, having ISIN value as INE148I07DK2, with a face value of ₹10,00,000 rs on 20Nov15 to raise 10 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. OPTION II. LETTER OF ALLOTMENT. DATE OF MATURITY 20/11/2022. 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 04Dec15 & on NSE stock exchange on 04Dec15. CARE Ratings Limited has given AA rating to this Debenture on 15Feb20. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.