8.45% Indiabulls Commercial Credit Limited - AA Rated (INE244L08026)

Indiabulls Commercial Credit Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE244L08026, with a face value of ₹1,00,000 rs on 30Nov17 to raise 40 crores. The debt instrument is issued with a coupon rate of 8.45% 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 8.45% UNSECURED LISTED REDEEMABLE NON CONVERTIBLE SUBORDINATED DEBENTURES. DATE OF MATURITY 30/11/2027. 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 07Dec17 & on NSE stock exchange on 06Dec17. CARE Ratings Limited has given AA- rating to this Debenture on 30Nov17. 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.