10.55% Indiabulls Housing Finance Limited - AA Rated (INE148I07381)

Indiabulls Housing Finance Limited, a Housing Finance Company company, has floated Bond, having ISIN value as INE148I07381, with a face value of ₹10,00,000 rs on 21Nov13 to raise 400 crores. The debt instrument is issued with a coupon rate of 10.55% 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 Bond is 10.55% SECURED REDEEMABLE NON CONVERTIBLE DEBENTURES. LETTER OF ALLOTMENT. DATE OF MATURITY 21/11/2023. This instrument is issued in Private Placement mode. It has Simple coupon type with Partial Redemption By Face Value option. The Bond is listed on BSE stock exchange on 05Dec13 & on NSE stock exchange on 03Dec13. CARE Ratings Limited has given AA- rating to this Bond on 21Nov13. Neither the Principal nor the Interest is covered for this Bond. Yes, this debt instrument is Perpetual In Nature.