9.75% Hinduja Leyland Finance Limited - AA Rated (INE146O08167)

Hinduja Leyland Finance Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE146O08167, with a face value of ₹10,00,000 rs on 16Feb21 to raise 31.1 crores. The debt instrument is issued with a coupon rate of 9.75% 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 Unsecured Debenture is 9.75% UNSECURED RATED LISTED SUBORDINATED TAXABLE TRANSFERABLE REDEEMABLE NON CONVERTIBLE DEBENTURES. DATE OF MATURITY 18/08/2026. 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 17Feb21. CRISIL RATINGS LIMITED has given AA+ rating to this Debenture on 10Feb21. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.