10.25% Indiabulls Housing Finance Limited - AA Rated (INE894F08103)

Indiabulls Housing Finance Limited, a Housing Finance Company company, has floated Bond, having ISIN value as INE894F08103, with a face value of ₹1,00,000 rs on 28Jun12 to raise 90 crores. The debt instrument is issued with a coupon rate of 10.25% 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 Bond is 10.25% Unsecured Redeemable Non Convertible Subordinated Debt in the nature of Debentures. Letter of Allotment. Date of Maturity 28/06/2027. This instrument is issued in Private Placement mode. It has Simple coupon type with Full Redemption option. The Bond is listed on BSE stock exchange on 08Aug12 & on NSE stock exchange on 06Jun13. CARE Ratings Limited has given AA- rating to this Bond on 28Jun12. Neither the Principal nor the Interest is covered for this Bond. Yes, this debt instrument is Perpetual In Nature.