Instrument Details

ISIN: INE658R07372

Face value

₹10,00,000

Coupon rate

9.79%

Payment

Quarterly

Tax Type

Taxable

Issue Size (Cr)

25

Instrument Type

Debenture

Returns

High

Date of Issue

22 Jun 2020

Maturity Date

22 Jun 2023

Perpetual

Yes

Listing Status

Listed

Rating status

AA (CRISIL Ratings)

Call Option

Not Available

Put Option

Not Available

Security with Collaterals

Secured

Asset Coverage

-

Seniority in Repayment

None

Guarantee Type

Non Convertible

About this Bond

MOTILAL OSWAL HOME FINANCE LIMITED SR A-6/FY.21/FY.23 9.79 NCD 22JU23 FVRS10LAC
Motilal Oswal Home Finance Limited, a Housing Finance Company company, has floated Debenture, having ISIN value as INE658R07372, with a face value of ₹10,00,000 rs on 22Jun20 to raise 25 crores. The debt instrument is issued with a coupon rate of 9.79% and its interest is paid Quarterly. 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 9.79% SECURED SENIOR RATED LISTED REDEEMABLE, NON CONVERTIBLE DEBENTURES. SERIES A-6 / F.Y.21/ F.Y.23. DATE OF MATURITY 22/06/2023. 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 07Jul20. CRISIL RATINGS LIMITED has given AA rating to this Debenture on 17Jun20. 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.

Rating (Debt Quality)

Instrument Rating
AA
High Safety
AA
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Date Verified
25 Feb 2022
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Outlook
Stable
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Seniority in Repayment
None
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Security
Secured
Investment Calculation (Pre-Tax)

Below is an indicative cash-flow on investment, actual cash-flow may differ.

Face Value
₹10,00,000
Lot Size
100
Minimum Investment
₹10,00,00,000

Cashflow

₹10,00,00,000
22-Jun-20 : Your investment
₹24,47,500
22-Sep-20 : Interest
₹24,47,500
22-Dec-20 : Interest
₹24,47,500
22-Mar-21 : Interest
₹24,47,500
22-Jun-21 : Interest
₹24,47,500
22-Sep-21 : Interest
₹24,47,500
22-Dec-21 : Interest
₹24,47,500
22-Mar-22 : Interest
₹24,47,500
22-Jun-22 : Interest
₹24,47,500
22-Sep-22 : Interest
₹24,47,500
22-Dec-22 : Interest
₹24,47,500
22-Mar-23 : Interest
₹24,47,500
22-Jun-23 : Interest
₹12,93,70,000
22-Jun-23 : Maturity amount (Investment: ₹10,00,00,000, Interest earned: ₹2,93,70,000)

Summary

Instrument Attributes

Value

Coupon Rate

9.79%

Returns

High

Bond Rating

AA

Seniority in Repayment

None

Instrument Category

Non Convertible

About the issuer

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

FAQs about INE658R07372 issued by Motilal Oswal Home Finance Limited

The instrument name of INE658R07372 ISIN is MOTILAL OSWAL HOME FINANCE LIMITED SR A-6/FY.21/FY.23 9.79 NCD 22JU23 FVRS10LAC.
The interest earned from INE658R07372 bond issued by Motilal Oswal Home Finance Limited is paid Quarterly, ensuring regular and consistent income for investors.
This INE658R07372 bond issued by Motilal Oswal Home Finance Limited has been assigned a credit rating of AA by CRISIL RATINGS LIMITED, directly indicating the issuer's creditworthiness and the probability of default.
This Debenture offers a coupon rate of 9.79%, which determines the periodic interest payments made to bondholders.
The INE658R07372 Debenture is issued by Motilal Oswal Home Finance Limited, a Private Sector company.