7.75% Hero Housing Finance Limited - AA Rated (INE800X07022)

Hero Housing Finance Limited, a Housing Finance Company company, has floated Debenture, having ISIN value as INE800X07022, with a face value of ₹10,00,000 rs on 25Jun20 to raise 200 crores. The debt instrument is issued with a coupon rate of 7.75% 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 7.75% SECURED LISTED, RATED, REDEEMABLE NON CONVERTIBLE DEBENTURES. HHFL/NCD/03. DATE OF MATURITY 23/06/2023. 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 06Jul20. ICRA LIMITED has given AA+ rating to this Debenture on 15Sep23. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.