6% Motilal Oswal Home Finance Limited - AA Rated (INE658R08172)

Motilal Oswal Home Finance Limited, a Housing Finance Company company, has floated Debenture, having ISIN value as INE658R08172, with a face value of ₹10,00,000 rs on 10Feb22 to raise 290 crores. The debt instrument is issued with a coupon rate of 6% 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 6% UNSECURED SENIOR RATED LISTED REDEEMABLE, NON CONVERTIBLE DEBENTURES. SERIES MOHFL U-K1 FY 2021-22.TRANCHE SINGLE. DATE OF MATURITY 10/02/2025. This instrument is issued in Private Placement (EBP) mode. It has Simple coupon type with Full Redemption option. The Bond is Not listed on any stock exchange. INDIA RATING AND RESEARCH PVT. LTD has given AA rating to this Debenture on 29Nov21. This issuer is formerly known as ASPIRE HOME FINANCE CORPORATION LIMITED Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.