9.25% Indiabulls Housing Finance Limited - AA Rated (INE148I07KN1)

Indiabulls Housing Finance Limited, a Housing Finance Company company, has floated Debenture, having ISIN value as INE148I07KN1, with a face value of ₹1,000 rs on 24Sep21 to raise 14.3139 crores. The debt instrument is issued with a coupon rate of 9.25% 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 9.25% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURE. LETTER OF ALLOTMENT SERIES VII CAT III&IV. DATE OF MATURITY 24/09/2026.. This instrument is issued in Public Issue mode. It has Simple coupon type with Full Redemption option. The Debenture is listed on NSE stock exchange on 28Sep21. CRISIL RATINGS LIMITED has given AA rating to this Debenture on 27Aug21. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.