10% Indiabulls Housing Finance Limited - AA Rated (INE148I08207)

Indiabulls Housing Finance Limited, a Housing Finance Company company, has floated Debenture, having ISIN value as INE148I08207, with a face value of ₹1,00,000 rs on 03Aug15 to raise 165 crores. The debt instrument is issued with a coupon rate of 10% 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 Unsecured Debenture is 10% UNSECURED REDEEMABLE NON CONVERTIBLE SUBORDINATED DEBT IN THE NATURE OF DEBENTURES. DATE OF MATURITY 03/08/2025. 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 17Aug15 & on NSE stock exchange on 17Aug15. CARE Ratings Limited has given AA- rating to this Debenture on 03Aug15. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.