9.25% L&t Finance Limited - AAA Rated (INE027E07931)

L&t Finance Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE027E07931, with a face value of ₹1,000 rs on 13Mar19 to raise 235.6189 crores. The debt instrument is issued with a coupon rate of 9.25% 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 Secured Debenture is 9.25% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURE. SERIES III  OPTION II. LETTER OF ALLOTMENT. DATE OF MATURITY  13/03/2024. 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 15Mar19 & on BSE stock exchange on 15Mar19. INDIA RATING AND RESEARCH PVT. LTD has given AAA rating to this Debenture on 24Dec18. This issuer is formerly known as FAMILY CREDIT LIMITED, APEEJAY FINANCE GROUP LIMITED, APEEJAY FINANCE GROUP PRIVATE LIMITED Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.