7.60% Hero Fincorp Limited - AA Rated (INE957N07674)

Hero Fincorp Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE957N07674, with a face value of ₹10,00,000 rs on 04May22 to raise 500 crores. The debt instrument is issued with a coupon rate of 7.60% 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 7.60% SECURED LISTED RATED REDEEMABLE NON CONVERTIBLE DEBENTURE. SERIES HFCL/NCD/052.DATE OF MATURITY 04/05/2027. This instrument is issued in Private Placement (EBP) mode. It has Simple coupon type with Full Redemption option. The Debenture is listed on NSE stock exchange on 10May22. CRISIL RATINGS LIMITED has given AA+ rating to this Debenture on 26Apr22. 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.