7.85% Hero Fincorp Limited - AA Rated (INE957N07492)

Hero Fincorp Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE957N07492, with a face value of ₹10,00,000 rs on 27Apr20 to raise 1300 crores. The debt instrument is issued with a coupon rate of 7.85% 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 7.85% SECURED RATED LISTED FULLY PAID REDEEMBALE NON CONVERTIBLE DEBENTURES . SERIES HFCL/NCD/038. DATE OF MATURITY 27/04/2023. This instrument is issued in Private Placement mode. It has Simple coupon type with Full Redemption option. The Debenture is listed on NSE stock exchange on 08May20. ICRA LIMITED has given AA+ rating to this Debenture on 15Sep23. This issuer is formerly known as HERO HONDA FINLEASE LIMITED Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.