Indiabulls Housing Finance Limited - AA Rated (INE148I07GN9)

Indiabulls Housing Finance Limited, a Housing Finance Company company, has floated Debenture, having ISIN value as INE148I07GN9, with a face value of ₹1,000 rs on 26Sep16 to raise 24.3432 crores. The debt instrument is issued with a coupon rate of 0% and its interest is paid Never. 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 SECURED REDEEMABLE NON CONVERTIBLE DEBENTURES. SERIES VII CATEGORY III & IV. LETTER OF ALLOTMENT. DATE OF MATURITY 26/09/2026. This instrument is issued in Public Issue mode. It has Compounding coupon type with Full Redemption option. The Debenture is listed on NSE stock exchange on 28Sep16 & on BSE stock exchange on 28Sep16. CARE Ratings Limited has given AA- rating to this Debenture on 26Sep16. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.