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Instrument Details

ISIN: INE800X07030

Face value

₹10,00,000

Coupon rate

GSEC LINKED

Payment

on Maturity

Tax Type

Taxable

Issue Size (Cr)

150

Instrument Type

Debenture

Returns

Linked to Markets

Date of Issue

22 Dec 2021

Maturity Date

24 Sep 2024

Perpetual

Yes

Listing Status

Listed

Rating status

PP-MLD AA+ (CRISIL Ratings)

Call Option

Not Available

Put Option

Not Available

Security with Collaterals

Secured

Asset Coverage

Principal + Interest

Seniority in Repayment

Senior

Guarantee Type

Non Convertible

About this Bond

HERO HOUSING FINANCE LIMITED SR 005 BR NCD 24SP24 FVRS10LAC
Hero Housing Finance Limited, a Housing Finance Company company, has floated Debenture, having ISIN value as INE800X07030, with a face value of ₹10,00,000 rs on 22Dec21 to raise 150 crores. The debt instrument is issued with a coupon rate of GSEC LINKED and its interest is paid on Maturity. 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 GSEC LINKED SECURED LISTED RATED PRINCIPAL PROTECTED MARKET LINKED REDEEMABLE NON CONVERTIBLE DEBENTURES.SERIES HHFL/NCD/005. DATE OF MATURITY 24/09/2024. This instrument is issued in Private Placement (non-EBP) mode. It has Compounding coupon type with Full Redemption option. The Debenture is listed on NSE stock exchange on 27Dec21. CRISIL RATINGS LIMITED has given PP-MLD AA+ rating to this Debenture on 15Dec21. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.

Rating (Debt Quality)

Instrument Rating
AA
High Safety
PP-MLD AA+
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Date Verified
07 Feb 2023
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Outlook
Stable
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Seniority in Repayment
Senior
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Security
Secured

Summary

Instrument Attributes

Value

Coupon Rate

GSEC LINKED

Returns

Linked to Markets

Bond Rating

PP-MLD AA+

Seniority in Repayment

Senior

Instrument Category

Non Convertible

About the issuer

Basic Industry
BASIC INDUSTRY
Housing Finance Company
Head Office
HEAD OFFICE
New Delhi
Sector name
SECTOR
Financial Services
Issuer ownership
ISSUER OWNERSHIP
Private Sector

FAQs about INE800X07030 issued by Hero Housing Finance Limited

The instrument name of INE800X07030 ISIN is HERO HOUSING FINANCE LIMITED SR 005 BR NCD 24SP24 FVRS10LAC.
The interest earned from the INE800X07030 bond issued by Hero Housing Finance Limited is paid at the time of maturity
This INE800X07030 bond issued by Hero Housing Finance Limited has been assigned a credit rating of PP-MLD AA+ by CRISIL RATINGS LIMITED, directly indicating the issuer's creditworthiness and the probability of default.
The coupon rate of INE800X07030 bond issued by Hero Housing Finance Limited is GSEC LINKED.
The INE800X07030 Debenture is issued by Hero Housing Finance Limited, a Private Sector company.
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