9.05% Indiabulls Commercial Credit Limited - AA Rated (INE244L07028)

Indiabulls Commercial Credit Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE244L07028, with a face value of ₹10,00,000 rs on 08Jul16 to raise 40 crores. The debt instrument is issued with a coupon rate of 9.05% 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 9.05% SECURED REDEEMABLE NON CONVERTIBLE DEBENTURES. LETTER OF ALLOTMENT. DATE OF MATURITY 07/07/2023. 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 22Jul16 & on BSE stock exchange on 22Jul16. CRISIL RATINGS LIMITED has given AA rating to this Debenture on 05Jul16. This issuer is formerly known as INDIABULLS INFRASTRUCTURE CREDIT LIMITED Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.