8.75% Piramal Capital & Housing Finance Limited - AA Rated (INE516Y07410)

Piramal Capital & Housing Finance Limited, a Housing Finance Company company, has floated Debenture, having ISIN value as INE516Y07410, with a face value of ₹1,000 rs on 23Jul21 to raise 1000 crores. The debt instrument is issued with a coupon rate of 8.75% 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 8.75% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURES.SERIES IV CATEGORY III&IV.LETTER OF ALLOTMENT.DATE OF MATURITY 23/07/2026. 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 28Jul21 & on BSE stock exchange on 28Jul21. CARE RATINGS LIMITED has given AA rating to this Debenture on 23Jul21. This issuer is formerly known as DEWAN HOUSING DEVELOPMENT FIN. LTD Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.