11.60% Hinduja Leyland Finance Limited - AA Rated (INE146O08159)

Hinduja Leyland Finance Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE146O08159, with a face value of ₹10,00,000 rs on 29Mar19 to raise 100 crores. The debt instrument is issued with a coupon rate of 11.60% 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 11.60% UNSECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURES. SERIES 001-1000. DATE OF MATURITY 29/09/2024. This instrument is issued in Private Placement mode. It has Simple coupon type with Full Redemption option. The Debenture is listed on BSE stock exchange on 22Apr19. CRISIL RATINGS LIMITED has given AA rating to this Debenture on 22Mar19. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.