8.50% Indiabulls Housing Finance Limited - AA Rated (INE148I07LM1)

Indiabulls Housing Finance Limited, a Housing Finance Company company, has floated Debenture, having ISIN value as INE148I07LM1, with a face value of ₹1,000 rs on 28Apr22 to raise 0.175 crores. The debt instrument is issued with a coupon rate of 8.50% 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 8.50% SECURED RATED LISTED NON CONVERTIBLE DEBENTURE. LETTER OF ALLOTMENT. SERIES IV CATEGORY I & II. DATE OF MATURITY 28/04/2025.. This instrument is issued in Public Issue mode. It has Simple coupon type with Full Redemption option. The Debenture is listed on NSE stock exchange on 02May22. CRISIL RATINGS LIMITED has given AA rating to this Debenture on 08Mar22. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.