8.75% Indiabulls Housing Finance Limited - AA Rated (INE148I07LB4)

Indiabulls Housing Finance Limited, a Housing Finance Company company, has floated Debenture, having ISIN value as INE148I07LB4, with a face value of ₹1,000 rs on 06Jan22 to raise 0.265 crores. The debt instrument is issued with a coupon rate of 8.75% 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 8.75% SECURED RATED LISTED NON CONVERTIBLE DEBENTURE. LETTER OF ALLOTMENT. SERIES VII CATEGORY I & II. DATE OF MATURITY 06/01/2027.. This instrument is issued in Public Issue mode. It has Simple coupon type with Full Redemption option. The Debenture is listed on BSE stock exchange on 10Jan22 & on NSE stock exchange on 10Jan22. CRISIL RATINGS LIMITED has given AA rating to this Debenture on 30Nov21. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.