7.55% Hero Fincorp Limited - AA Rated (INE957N07518)

Hero Fincorp Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE957N07518, with a face value of ₹10,00,000 rs on 24Jul20 to raise 300 crores. The debt instrument is issued with a coupon rate of 7.55% 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 7.55% SECURED LISTED RATED REDEEMABLE NON CONVERTIBLE DEBENTURES. SERIES HFCL/NCD/039/OPTION II. DATE OF MATURITY 24/07/2025. This instrument is issued in Private Placement mode. It has Simple coupon type with Full Redemption option. The Bond is Not listed on any stock exchange. CRISIL RATINGS LIMITED has given AA+ rating to this Debenture on 08Jul20. 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.