Gic Housing Finance Limited - AA Rated (INE289B07057)

Gic Housing Finance Limited, a Housing Finance Company company, has floated Debenture, having ISIN value as INE289B07057, with a face value of ₹10,00,000 rs on 21Mar22 to raise 225 crores. The debt instrument is issued with a coupon rate of 3M TBILL 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 3M TBILL SECURED RATED LISTED NON CONVERTIBLE DEBENTURE .SERIES 05.LETTER OF ALLOTMENT.DATE OF MATURITY 20/10/2023. This instrument is issued in Private Placement (EBP) mode. It has Simple coupon type with Full Redemption option. The Debenture is listed on BSE stock exchange on 22Mar22. CRISIL RATINGS LIMITED has given AA+ rating to this Debenture on 21Feb22. This issuer is formerly known as GIC GRIH VITTA LTD. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.