9.30% Indiabulls Housing Finance Limited - AA Rated (INE148I08215)

Indiabulls Housing Finance Limited, a Housing Finance Company company, has floated Debenture, having ISIN value as INE148I08215, with a face value of ₹1,00,000 rs on 29Jun16 to raise 609.7 crores. The debt instrument is issued with a coupon rate of 9.30% 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 Unsecured Debenture is 9.30% UNSECURED REDEEMABLE NON CONVERTIBLE SUBORDINATED DEBT IN THE NATURE OF DEBENTURES. DATE OF MATURITY 29/06/2026. This instrument is issued in Private Placement mode. It has Compounding coupon type with Full Redemption option. The Debenture is listed on BSE stock exchange on 14Jul16 & on NSE stock exchange on 12Jul16. CARE Ratings Limited has given AA- rating to this Debenture on 29Jun16. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.