7.62% L&t Finance Limited - AAA Rated (INE691I07EX2)

L&t Finance Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE691I07EX2, with a face value of ₹10,00,000 rs on 30Dec20 to raise 1500 crores. The debt instrument is issued with a coupon rate of 7.62% 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 7.62% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURES. SERIES N OF FY 2020-21. DATE OF MATURITY 30/12/2030.. This instrument is issued in Private Placement 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 AAA rating to this Debenture on 24Sep20. This issuer is formerly known as FAMILY CREDIT LIMITED, APEEJAY FINANCE GROUP LIMITED, APEEJAY FINANCE GROUP PRIVATE LIMITED Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.