8.45% L&t Finance Limited - AAA Rated (INE027E07AX6)

L&t Finance Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE027E07AX6, with a face value of ₹1,000 rs on 23Dec19 to raise 23.2335 crores. The debt instrument is issued with a coupon rate of 8.45% 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 8.45% SECURED LISTED RATED REDEEMABLE NON CONVERTIBLE DEBENTURES. LETTER OF ALLOTMENT. SERIES IV OPTION 7. DATE OF MATURITY 23/12/2024. 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 26Dec19 & on NSE stock exchange on 26Dec19. INDIA RATING AND RESEARCH PVT. LTD has given AAA rating to this Debenture on 15Nov19. 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.