8.98% Hero Fincorp Limited - AA Rated (INE957N08029)

Hero Fincorp Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE957N08029, with a face value of ₹10,00,000 rs on 03Aug16 to raise 100 crores. The debt instrument is issued with a coupon rate of 8.98% 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 8.98% UNSECURED REDEEMABLE NON CONVERTIBLE SUBORDINATED DEBENTURES. SERIES HFCL/NCD/014. DATE OF MATURITY 03/08/2026. 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 12Aug16 & on BSE stock exchange on 12Aug16. CRISIL RATINGS LIMITED has given AA+ rating to this Debenture on 22Jul16. 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.