8.85% Indiabulls Commercial Credit Limited - AA Rated (INE244L08042)

Indiabulls Commercial Credit Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE244L08042, with a face value of ₹1,00,000 rs on 28Mar18 to raise 105 crores. The debt instrument is issued with a coupon rate of 8.85% 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 8.85% UNSECURED LISTED REDEEMABLE NON CONVERTIBLE SUBORDINATED DEBENTURES. DATE OF MATURITY 28/03/2028. This instrument is issued in Private Placement 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 29Dec17. 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.