8.75% Poonawalla Housing Finance Limited (INE055I07107)

Poonawalla Housing Finance Limited, a Housing Finance Company company, has floated Debenture, having ISIN value as INE055I07107, with a face value of ₹10,00,000 rs on 06Jul20 to raise 95 crores. The debt instrument is issued with a coupon rate of 8.75% and its interest is paid Semi 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 8.75% SECURED LISTED RATED REDEEMABLE NON CONVERTIBLE DEBENTURES. MHFL SERIES 2 2020.DATE OF MATURITY 21/04/2023. 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 16Jul20. CARE RATINGS LIMITED has given WITHDRAWN rating to this Debenture on 01Jan70. This issuer is formerly known as MAGMA HOUSING FINANCE LIMITED, MAGMA HOUSING FINANCE, GE MONEY HOUSING FINANCE Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.