9% Indiabulls Housing Finance Limited - AA Rated (INE148I07EL8)

Indiabulls Housing Finance Limited, a Housing Finance Company company, has floated Debenture, having ISIN value as INE148I07EL8, with a face value of ₹10,00,000 rs on 12Apr16 to raise 35 crores. The debt instrument is issued with a coupon rate of 9% 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% SECURED REDEEMABLE NON CONVERTIBLE DEBENTURES. LETTER OF ALLOTMENT. OPTION III. DATE OF MATURITY 11/04/2026. 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 26Apr16 & on NSE stock exchange on 26Apr16. CARE Ratings Limited has given AA- rating to this Debenture on 12Apr16. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.