Hero Housing Finance Limited - AA Rated (INE800X07048)

Hero Housing Finance Limited, a Housing Finance Company company, has floated Debenture, having ISIN value as INE800X07048, with a face value of ₹10,00,000 rs on 09Feb22 to raise 150 crores. The debt instrument is issued with a coupon rate of TBILL LINKED 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 TBILL LINKED SECURED LISTED RATED REDEEMABLE NON CONVERTIBLE DEBENTURES.SERIES HHFL/NCD/06. DATE OF MATURITY 07/02/2025. 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 15Feb22. CRISIL RATINGS LIMITED has given AA+ rating to this Debenture on 28Jan22. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.