7.85% Hero Housing Finance Limited - AA Rated (INE800X08020)

Hero Housing Finance Limited, a Housing Finance Company company, has floated Debenture, having ISIN value as INE800X08020, with a face value of ₹10,00,000 rs on 05Mar21 to raise 125 crores. The debt instrument is issued with a coupon rate of 7.85% 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 7.85% UNSECURED LISTED RATED SUBORDINATED REDEEMABLE NON CONVERTIBLE DEBENTURES. HHFL/NCD/04. DATE OF MATURITY 05/03/2031. 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 10Mar21. CRISIL RATINGS LIMITED has given AA+ rating to this Debenture on 24Feb21. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.