8.85% L&t Finance Limited - AAA Rated (INE691I07AR2)

L&t Finance Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE691I07AR2, with a face value of ₹25,00,000 rs on 26May15 to raise 50 crores. The debt instrument is issued with a coupon rate of 8.85% 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 8.85% SECURED REDEEMABLE NON-CONVERTIBLE DEBENTURES.SERIES M OF FY 2015-16 OPTION 2. DATE OF MATURITY 26/05/2025. This instrument is issued in Private Placement mode. It has Simple coupon type with Full Redemption option. The Debenture is listed on BSE stock exchange on 01Jun15. CARE Ratings Limited has given AAA rating to this Debenture on 26May15. 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.