Hero Housing Finance Limited - AA Rated (INE800X07030)

Hero Housing Finance Limited, a Housing Finance Company company, has floated Debenture, having ISIN value as INE800X07030, with a face value of ₹10,00,000 rs on 22Dec21 to raise 150 crores. The debt instrument is issued with a coupon rate of GSEC LINKED and its interest is paid on Maturity. 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 GSEC LINKED SECURED LISTED RATED PRINCIPAL PROTECTED MARKET LINKED REDEEMABLE NON CONVERTIBLE DEBENTURES.SERIES HHFL/NCD/005. DATE OF MATURITY 24/09/2024. This instrument is issued in Private Placement (non-EBP) mode. It has Compounding coupon type with Full Redemption option. The Debenture is listed on NSE stock exchange on 27Dec21. CRISIL RATINGS LIMITED has given PP-MLD AA+ rating to this Debenture on 15Dec21. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.