7.57% Aditya Birla Finance Limited - AAA Rated (INE860H07GZ5)

Aditya Birla Finance Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE860H07GZ5, with a face value of ₹10,00,000 rs on 28Apr20 to raise 225 crores. The debt instrument is issued with a coupon rate of 7.57% 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 Secured Debenture is 7.5700%SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURE. SERIES ABFL NCD A2 FY 2020-21. DATE OF MATURITY 28/06/2023. 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 05May20 & on NSE stock exchange on 05May20. INDIA RATING AND RESEARCH PVT. LTD has given AAA rating to this Debenture on 08Apr20. This issuer is formerly known as BIRLA GLOBAL FINANCE COMPANY LTD Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.