9.35% Hero Fincorp Limited - AA Rated (INE957N08011)

Hero Fincorp Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE957N08011, with a face value of ₹10,00,000 rs on 15Sep15 to raise 250 crores. The debt instrument is issued with a coupon rate of 9.35% 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 9.35% UNSECURED REDEEMABLE NON CONVERTIBLE SUBORDINATED DEBENTURES. SERIES HFCL/NCD/005. DATE OF MATURITY 15/09/2025. 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 29Sep15 & on NSE stock exchange on 29Sep15. CRISIL RATINGS LIMITED has given AA+ rating to this Debenture on 31Aug15. This issuer is formerly known as HERO HONDA FINLEASE LIMITED Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.