8.57% Indiabulls Commercial Credit Limited - AA Rated (INE244L07119)

Indiabulls Commercial Credit Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE244L07119, with a face value of ₹1,000 rs on 25Sep18 to raise 2000 crores. The debt instrument is issued with a coupon rate of 8.57% and its interest is paid Monthly. 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 8.57% SECURED (CATEGORY I & II) LISTED REDEEMABLE NON CONVERTIBLE DEBENTURES. SERIES IV. LETTER OF ALLOTMENT. DATE OF MATURITY 25/09/2023. This instrument is issued in Public Issue mode. It has Simple coupon type with Full Redemption option. The Bond is Not listed on any stock exchange. CRISIL RATINGS LIMITED has given AA rating to this Debenture on 16Aug18. 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.