8.50% Aditya Birla Finance Limited - AAA Rated (INE860H08DY3)

Aditya Birla Finance Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE860H08DY3, with a face value of ₹10,00,000 rs on 18May17 to raise 165 crores. The debt instrument is issued with a coupon rate of 8.50% 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 8.50% UNSECURED RATED LISTED TAXABLE REDEEMABLE NON CONVERTIBLE DEBENTURES. SERIES ABFL SUB DEBT SB1 FY 2017-18. DATE OF MATURITY 18/05/2027. 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 26Feb18 & on NSE stock exchange on 23May17. INDIA RATING AND RESEARCH PVT. LTD has given AAA rating to this Debenture on 17May17. 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.