L&t Finance Limited - AA Rated (INE691I08438)

L&t Finance Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE691I08438, with a face value of ₹10,00,000 rs on 30Mar16 to raise 30 crores. The debt instrument is issued with a coupon rate of RESET RATE (REFER REMARKS) 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 RESET RATE UNSECURED NON-CONVERTIBLE DEBENTURES IN THE NATURE OF SUBORDINATED PERPETUAL TIER 1 DEBT. SERIES AO OF FY 2015-16_PERPETUAL DEBT.. 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 12Apr16. CARE Ratings Limited has given AA+ rating to this Debenture on 30Mar16. 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.